Posted 3/13/2024, 9:00:00 PM
MicroStrategy Seeks to Raise Additional $500 Million to Purchase More Bitcoin, Now Holding $15 Billion Worth After Recent Debt Offering
- MicroStrategy raising another $500M in convertible debt to buy more Bitcoin
- Recently closed $800M debt raise to buy 12,000 Bitcoin, now holds 205,000 BTC worth $15B
- Billing itself as a Bitcoin development company
- Stock hit all-time high close of $1,766, up 158% YTD alongside Bitcoin's rise
- With $500M could buy ~6,800 more Bitcoin around current $73K price
