{"id":231809,"date":"2024-06-13T12:23:08","date_gmt":"2024-06-13T12:23:08","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/13\/michael-saylors-microstrategy-to-raise-500m-to-buy-more-bitcoin\/"},"modified":"2025-06-25T17:17:13","modified_gmt":"2025-06-25T17:17:13","slug":"michael-saylors-microstrategy-to-raise-500m-to-buy-more-bitcoin","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/13\/michael-saylors-microstrategy-to-raise-500m-to-buy-more-bitcoin\/","title":{"rendered":"Michael Saylor\u2019s MicroStrategy To Raise $500M To Buy More Bitcoin"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MjA3MTIzMDc4MjUyMDc4MTI5\/msddd.jpg\" \/><\/p>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/tags\/microstrategy\">MicroStrategy<\/a>, led by CEO Michael Saylor, announced it will <a href=\"https:\/\/www.microstrategy.com\/press\/microstrategy-announces-proposed-private-offering-of-500m-of-convertible-senior-notes_06-13-2024\">raise $500 million<\/a> through a private offering of convertible senior notes. The proceeds will fund additional purchases, furthering its corporate Bitcoin accumulation strategy.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: \ud83c\uddfa\ud83c\uddf8 MICROSTRATEGY TO RAISE $500 MILLION IN STOCK SALE TO BUY MORE <a href=\"https:\/\/twitter.com\/hashtag\/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw\">#BITCOIN<\/a> <a href=\"https:\/\/t.co\/ALsb7znGEZ\">pic.twitter.com\/ALsb7znGEZ<\/a><\/p>\n<p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1801203057012711747?ref_src=twsrc%5Etfw\">June 13, 2024<\/a><\/p><\/blockquote>\n<p>MicroStrategy is already the largest public company holder of Bitcoin, with over <a href=\"https:\/\/bitcoinmagazine.com\/markets\/microstrategy-bought-122-bitcoin-in-april-now-holds-214400-btc\">214,400 BTC worth $15 billion<\/a> on its balance sheet. Starting in 2020, under Saylor&#8217;s direction, it adopted Bitcoin as its primary reserve asset.<\/p>\n<p>It&#8217;s average purchase price per Bitcoin remains around $35,000. With Bitcoin trading near $68,000, the firm is still significantly in the green on its holdings.<\/p>\n<p>The latest $500 million capital raise comes via selling convertible senior notes to qualified institutional buyers. The notes will pay interest semiannually and mature in 2032 unless converted or redeemed earlier.<\/p>\n<p>According to the <a href=\"https:\/\/www.microstrategy.com\/press\/microstrategy-announces-proposed-private-offering-of-500m-of-convertible-senior-notes_06-13-2024\">announcement<\/a>, MicroStrategy may use the funds for general corporate purposes, but Bitcoin acquisition remains the priority. The company will also grant initial purchasers an option to buy an additional $75 million of notes.<\/p>\n<p>MicroStrategy&#8217;s Bitcoin-buying obsession has made it a Wall Street proxy for Bitcoin itself. The company&#8217;s stock often rises and falls with Bitcoin&#8217;s price movements, with investors betting on BTC&#8217;s upside.<\/p>\n<p>With this latest capital injection, MicroStrategy is signaling its conviction that Bitcoin will continue appreciating over the long term. <a href=\"https:\/\/bitcoinmagazine.com\/tags\/michael-saylor\">Saylor <\/a>is ready to double down by acquiring more coins while prices remain relatively low.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/business\/michael-saylors-microstrategy-to-raise-500m-to-buy-more-bitcoin\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] MicroStrategy, led by CEO Michael Saylor, announced it will raise $500 million through a private offering of convertible senior notes. The proceeds will fund<\/p>\n","protected":false},"author":1,"featured_media":231810,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[172],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/231809"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=231809"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/231809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/231810"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=231809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=231809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=231809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}