According to a June 14 press release, MicroStrategy has already raised $500 million in senior-backed bonds that expire in 2028. This was reported on the 14th (local time) by YouTube.
As previously reported, the business intelligence firm increased its size to the aforementioned $500 million after announcing on June 7 that it was offering $400 million in corporate bonds against Bitcoin.
Proceeds from sales ($487.7 million) will be used to purchase more Bitcoin
Currently, MicroStrategy holds 92,079 BTC ($3.7 billion) in its recently established subsidiary of MicroStrategy LLC.
Today, Bitcoin returned to the $40,000 level.
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.