$90,938.00
-0.31%$3,159.67
1.97%$5.76
12.48%$217.08
-0.67%$626.57
1.50%$1.14
25.62%$0.370114
-1.73%$0.999915
0.09%$3,159.72
2.07%$0.748181
10.77%$0.201228
6.36%$5.72
6.64%$0.00002464
-3.42%$35.31
6.96%$3,744.70
2.46%$90,712.00
-0.41%$3.75
5.95%$470.84
8.39%$3,158.77
1.79%$14.64
6.27%$0.00002146
-4.54%$96.65
15.08%$5.92
5.95%$7.67
0.34%$12.44
5.32%$0.220504
55.10%$3,322.08
2.79%$9.22
8.59%$0.994788
0.08%$0.164966
-2.06%$9.28
6.63%$27.10
17.79%$521.79
0.68%$0.145664
4.38%$3.66
-6.64%$1.34
4.16%$0.091432
26.43%$0.432074
16.43%$0.00004779
6.49%$1.002
0.02%$22.24
-0.25%$2.00
6.13%$0.743301
22.01%$4.76
13.55%$7.08
0.68%$150.65
5.78%$45.35
3.97%$1.001
0.07%$0.03154207
20.40%$169.99
3.98%$0.754336
4.50%$25.88
4.70%$0.00024809
-5.41%$6.05
14.99%$0.547526
18.79%$1.37
10.36%$1.80
13.78%$5.27
6.18%$2.43
8.62%$0.759628
6.30%$0.206567
12.69%$1.39
2.24%$3,162.15
2.23%$5.62
0.80%$1.76
-8.26%$1.69
-5.08%$0.168211
-5.39%$3,538.56
3.23%$0.197281
8.13%$2.41
5.16%$0.555811
2.49%$0.430195
2.25%$1.13
-0.51%$3,317.98
2.08%$1.52
11.12%$90,569.00
-0.44%$3,240.95
2.26%$1.001
14.33%$71.71
8.35%$4.81
-0.65%$90,993.00
-0.19%$1,515.86
5.03%$11.00
1.94%$90.53
37.01%$1.24
-0.22%$9.68
2.80%$18.52
4.49%$0.03045688
15.40%$268.12
-0.39%$0.02190808
18.32%$0.02171862
5.83%$0.00000116
5.32%$1.24
6.34%$0.02280953
8.85%$0.684284
9.51%$0.00000266
-4.15%$6.00
-0.04%$0.678829
16.88%$3,145.79
2.20%$3.09
-0.41%$0.43235
15.88%$0.01122617
-3.13%$0.475111
5.82%$90,319.00
-0.78%$0.00004801
7.11%$1.37
-4.12%$1.33
7.09%$0.992935
6.67%$12.91
12.05%$90,541.00
-0.51%$5.93
12.58%$0.37603
29.20%$5.45
3.92%$90,656.00
-0.37%$11.05
-6.74%$229.21
-0.36%$31.60
9.77%$0.764087
-1.67%$0.00204354
-5.45%$0.843679
12.99%$40.10
3.05%$1.16
7.04%$3.37
2.50%$0.698494
10.01%$1.26
3.67%$0.138565
7.50%$0.430169
24.81%$0.0078158
4.30%$0.370284
-1.67%$0.999114
0.28%$0.161676
8.93%$0.04939848
62.52%$3,262.02
3.00%$3,160.89
1.84%$0.01027054
-3.66%$0.075376
12.38%$0.251646
6.91%$44.81
16.12%$261.45
4.75%$0.790521
15.02%$0.995884
-0.01%$2.17
5.04%$0.00011701
13.75%$0.681676
7.35%$0.670853
-7.61%$3,155.96
1.74%$2.60
-8.33%$2,563.93
-0.10%$0.00907188
0.36%$1.37
7.61%$18.51
8.07%$0.01360744
6.64%$0.172271
12.12%$1.33
7.16%$219.59
-0.53%$33.61
6.48%$0.085732
8.80%$0.577193
-6.69%$3,421.78
1.84%$0.00578138
18.43%$0.577414
-8.28%$1.71
10.60%$0.15141
5.76%$1.95
5.98%$1.087
4.17%$0.081438
-1.05%$1.50
4.57%$0.00000026
2.03%$9.29
4.66%$1.00
0.12%$0.263565
11.46%$90,826.00
-0.18%$0.527967
-6.75%$3,158.57
1.92%$4.31
-1.15%$0.00149656
-3.58%$2,565.71
-0.07%$0.998854
0.17%$0.0000005
4.51%$3,147.58
2.45%$0.260987
9.39%$0.160462
7.08%$0.064367
8.50%$2.53
3.67%$89,362.00
-1.64%$52.18
7.93%$0.425443
7.80%$90,683.00
-0.35%$3,156.86
1.89%$0.04756993
-4.14%$9.12
9.14%$0.01458601
0.30%$0.054659
7.23%$1.05
-1.09%$1.00
0.07%$0.062989
7.96%$3,159.41
1.65%$0.00518635
18.73%$0.338387
16.25%$3.75
6.07%$0.99083
1.86%$0.00126842
19.71%$98.99
-0.60%$3,384.75
1.87%$11.42
9.09%$0.00
0.42%$1.004
0.72%$6.67
-0.53%$0.0431199
6.16%$0.315724
9.95%$1.066
-0.30%$0.00752379
6.91%$3,301.80
3.58%$0.02061271
13.95%$0.02308587
-15.18%$0.759034
1.63%$0.363923
42.12%$0.00215859
4.66%$3.53
6.61%$0.678515
9.52%$3,478.27
2.07%$1.004
0.42%$1,825.38
-0.39%$0.363222
6.58%$1.68
3.95%$29.94
8.83%$1.00
0.03%$2.77
-1.94%$0.512541
9.42%$90,768.00
-0.20%$41.08
6.95%$1.68
8.79%$0.00005157
1.22%$0.346854
17.09%$22.02
11.85%$0.03491828
3.34%$3,343.36
1.79%$0.403149
12.29%$0.00066211
3.15%$0.306174
20.59%$0.822393
4.99%$5.20
15.70%$3.20
11.98%$0.066075
0.52%$0.376538
8.97%$0.03333521
8.90%$90,455.00
-0.72%$0.598679
4.61%
MicroStrategy, the largest corporate holder of Bitcoin, is issuing unsecured senior convertible notes worth $500 million so it can buy even more BTC for its treasury.
In April, MicroStrategy bought an additional 122 BTC, bringing its total Bitcoin holdings to 214,400 BTC, worth approximately $14.52 billion at the time of writing. The company now owns more than 1% of Bitcoin’s total supply, which is capped at 21,000,000 BTC.
This puts MicroStrategy leagues ahead of its competitors, with its Bitcoin reserve exceeding that of the next-biggest corporate holder of BTC, mining giant Marathon Digital, by more than 196,000 BTC.
The notes will bear interest, which will be payable semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15, 2024.
MicroStrategy Announces Proposed Private Offering of $500 Million of Convertible Senior Notes $MSTR https://t.co/5K8TqAi1D7
— Michael Saylor⚡️ (@saylor) June 13, 2024
The notes are set to mature on June 15, 2032, unless they are repurchased, redeemed or converted at an earlier stage.
However, the sale of these senior convertible notes will be limited to qualified institutional investors.
Earlier this month, MicroStrategy founder and chairman Michael Saylor, who is a staunch Bitcoin advocate, softened his stance on Ethereum weeks after the U.S. Securities and Exchange Commission approved Ethereum spot ETFs.
Shares of MicroStrategy Inc. (NASDAQ: MSTR) ended higher in yesterday’s trading session by 3.1%, with the company seeing a staggering 134% upswing since the beginning of the year.
Other companies have started following MicroStrategy’s Bitcoin playbook.
Last week, medical technology firm Semler Scientific bought Bitcoin worth $17 million and intends to buy up to $150 million more in the future.
Earlier this month, Canadian firm DeFi Technologies bought 110 BTC, worth $7.6 million at the time of purchase, while Japanese investment firm MetaPlanet bought Bitcoin worth $1.6 million.
