MicroStrategy completes $650 million bond sale to finance next Bitcoin purchase
MicroStrategy (MSTR), a leading business intelligence firm, announced Friday that it has raised $650 million worth of convertible bonds to finance more (BTC) purchases, underscoring CEO Michael Saylor’s conviction in the flagship digital asset.
The company confirmed Friday that it had sold $650 million worth of convertible senior notes at a rate of 0.750% due in 2025. The interest rate is payable semi-annually on June 15 and December 15 beginning in 2021.
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