MicroStrategy increases note sales to $2.6B for Bitcoin purchases
MicroStrategy upsizes its note sale to $2.6 billion to fund Bitcoin purchases, boosting confidence in BTC’s price reaching the $100,000 milestone.
MicroStrategy said it has increased its upcoming note sale to $2.6 billion, signaling bullish expectations for Bitcoin’s potential to surpass the $100,000 mark.
MicroStrategy, the largest corporate Bitcoin (BTC) holder, is set to raise $2.6 billion from senior convertible notes at a 0% interest rate to buy more BTC.
The note sale was upsized from a previously announced offering of $1.75 billion aggregate principal amount of notes, the firm shared in a Nov. 20 statement.
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Author: Zoltan Vardai
