MicroStrategy Plans to Buy Bitcoins as much as Possible

Michael Saylor who is the CEO of MicroStrategy said that the firm had completed a $1.05 billion debt offering. It is an amount that will allow this business intelligence company to purchase another $1 billion in bitcoin. 

This raise is part of the firm’s plan to develop business intelligence software and buy Bitcoins as much as possible. Currently, the company owns 71,039 coins. The company said that, 

“MicroStrategy estimates that the net proceeds from the sale of the notes will be approximately $1.03 billion, after deducting the initial purchasers’ discounts and commissions and estimated offering expenses payable by MicroStrategy.” 

Also Read: Gen2 Technologies (BRKK) Announces Management Changes And Details For Investor Call

Header ad
Renuka Belamkar
Renuka Belamkar

Renuka is an active blogger and guest writer at Bitcoinik. In her experience, she has worked as a crypto-journalist and has also contributed to the blockchain, cryptocurrency, and fintech industries. She aims to provide the latest cryptocurrency & trading information to the readers to help them trade effectively. You can contact her at Linkedin

Articles: 110