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.” 

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