Posted 3/13/2024, 9:43:34 PM
MicroStrategy to Offer $500M More in Convertible Notes, Doubling Down on Bitcoin Bet Amid Crypto Bull Run
- MicroStrategy plans to offer $500 million of convertible notes to buy more Bitcoin, its second such sale in less than 2 weeks
- The company already spent over $1 billion on Bitcoin in early 2023, more than half of last year's total
- MicroStrategy holds over $14 billion worth of Bitcoin currently
- Bitcoin has surged 70% so far this year amid the launch of US ETFs investing directly into cryptocurrency
- MicroStrategy shares have risen 180% and Coinbase 45% during the crypto bull market this year
