It is reported that the software intelligence company MicroStrategy raised the bar Latest Offer Note From $400 million to $500 million, at an interest rate of 6.125%, which will fund further bitcoin purchases by the company, according to Recent report by Yahoo Finance.
MicroStrategy released a file Advertising in price update.
The company received a large number of orders totaling $1.6 billion from hedge funds, according to Yahoo FinanceThis prompted the company to increase the sale of banknotes from $400 to $500 million. The huge amount of interest in MicroStrategy’s recent junk bond sale comes with the price of Bitcoin It’s down over 40% over the past month.
Recent mainstream news anecdotes appear to have stymied Bitcoin’s price movements, yet institutional investors seem unfazed, as requests for feedback from MicroStrategy, the company that holds 92,079 BTC in the company’s vault, have been largely exceeded.
It is important to note that although the company received a total interest of $1.6 billion, this does not mean that the company will sell $1.6 billion in bonds to buy bitcoin, as CEO Michael Saylor and the company may see annual debt servicing then. Unserviceable quantity.
The company expects that after deducting buyer discounts and commissions, as well as other expenses, net proceeds will be $488 million. The latest move comes after the company recently announced the launch of MacroStrategy, a new subsidiary that will manage its bitcoin holdings.