MicroStrategy Announces Third Debt Offering of 2024, Aims to Raise $700M To Buy BTC
MicroStrategy announced the details of its third debt offering of 2024, underlying its commitment to Bitcoin.
MicroStrategy announced the details of its third debt offering of 2024, underlying its commitment to Bitcoin. The technology firm intends to raise $700 million with the issuance of convertible senior notes that will mature in 2028.
The refinancing of debt is the major purpose behind this financing move, besides increasing its Bitcoin reserve. MicroStrategy would utilize $500 million to pay back existing senior secured notes, while the rest would go for more Bitcoin and company expenses.
