The post MicroStrategy Issues $700 Million in New Bonds appeared on BitcoinEthereumNews.com.

MicroStrategy has announced plans to raise $700 million through the issuance of convertible bonds. This move is expected to have significant implications for the cryptocurrency market, considering the company’s active role in Bitcoin investments. Firm Plans Further Bitcoin Purchases With a history of utilizing funds from debt offerings to acquire Bitcoin, MicroStrategy has accumulated billions in the cryptocurrency. The new bond issuance indicates the company’s intention to continue this strategy, potentially boosting its Bitcoin holdings substantially. Bond Issuance Details The bond payments will commence on March 15, 2025, occurring semiannually until 2028. A significant portion of the net proceeds, amounting to $500 million, is allocated to repay the outstanding principal of MicroStrategy’s 6.125% Senior Secured Notes due 2028. Key Takeaways – $700 million to be raised via convertible bonds.– $500 million earmarked to repay existing debt.– Remaining funds may be used to purchase additional Bitcoin.– Semiannual bond payments scheduled from March 2025 to 2028. Market participants are closely monitoring these developments, as MicroStrategy’s continued investment in Bitcoin could influence the cryptocurrency’s market dynamics in the coming weeks. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. Source: https://en.bitcoinhaber.net/microstrategy-issues-700-million-in-new-bonds

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Filed under: News - @ September 17, 2024 1:18 am