2021-06-15 09:41:31
Bitcoin Rebounds as MicroStrategy Doubles Down on BTC Investment
As Bitcoin (BTC) regains bullish momentum, MicroStrategy, led by one of Bitcoin’s most prominent supporters, Michael Saylor, has just sealed another senior secured notes offering to purchase more BTC.
According to an official announcement yesterday, the investment company has completed a $500 million senior secured notes offering due in 2028 and would use the proceeds to acquire more Bitcoin. Currently, the crypto investment giant owns approximately 92,079 BTCs.
The security notes got sold at a private offering for qualified institutional investors in full accordance and reliable on Rule 144A per the Securities Act of 1933.
Meanwhile, MicroStrategy also announced launching a newly-formed subsidiary, MicroStrategy LLC, to hold all its Bitcoin assets.
The announcement comes amid comments from…
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