{"id":27695,"date":"2024-03-16T00:00:57","date_gmt":"2024-03-16T00:00:57","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/microstrategy-ups-debt-offering-to-525-million-for-bitcoin-purchase\/"},"modified":"2024-03-16T00:00:57","modified_gmt":"2024-03-16T00:00:57","slug":"microstrategy-ups-debt-offering-to-525-million-for-bitcoin-purchase","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/microstrategy-ups-debt-offering-to-525-million-for-bitcoin-purchase\/","title":{"rendered":"MicroStrategy Ups Debt Offering to $525 Million for Bitcoin Purchase"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>MicroStrategy has announced the pricing of a $525 million debt offering, which exceeds the initially planned $500 million. This comes on the heels of its recent major capital raise of $800 million, utilized to acquire an additional 12,000 Bitcoin. The intention behind this latest financial strategy is to further increase MicroStrategy\u2019s substantial Bitcoin holdings, which currently exceed 205,000 BTC.<\/p>\n<p>The offering attracted significant interest, leading to an expansion with an option for purchasers to acquire an additional $78.5 million, potentially pushing the total proceeds to around $600 million. The terms of the convertible senior notes include an annual interest rate of 0.875%, a slight increase from the 0.625% rate of the previous $800 million offering. Furthermore, the conversion rate for these new notes is set at $2,327.31 per share. This figure represents a 40% premium over MicroStrategy\u2019s average share price last Thursday, which was $1662.20.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/microstrategy-ups-debt-offering-to-525-million-for-bitcoin-purchase\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) MicroStrategy has announced the pricing of a $525 million debt offering, which exceeds the initially planned $500 million. This comes on the heels of its recent major capital raise of $800 million, utilized to acquire an additional 12,000 Bitcoin. The intention behind this latest financial strategy [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":27696,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27695"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=27695"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27695\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/27696"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=27695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=27695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=27695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}