MicroStrategy Will Invest In Bitcoin!
MicroStrategy will invest in Bitcoin. The company's CEO announced that he has collected $ 650 million to buy
Bitcoin.
Making a name for itself with its investments in the leading crypto currency Bitcoin, MicroStrategy has collected 650 million dollars. Michael Saylor, CEO of the company, who shared a post on his Twitter account, used the following statements:
"MicroStrategy, $ 650 million 0.750% convertible debt offer completed."
On Friday, MicroStrategy announced the closing of its previously reported 0.750 percent convertible bonds. The total principal amount of the bills sold after the bid was 650 million dollars. The aforementioned securities were sold in a special offer to qualified institutional buyers under Rule 144A of the Securities Act of 1933 (Securities Act) as amended. It was said that Bitcoin investment will be made with this funding.
The sale of MicroStrategy was announced for the first time on December 7, 2020 and a net amount of $ 400 million was announced. MicroStrategy will pay its customers an annual rate of 0.750 percent. Payments will begin in June 2021 and end in 2025.
Source:
Coinkolik