MicroStrategy To Invest Over $488 Mln In Bitcoin Soon.

MicroStrategy To Invest Over $488 Mln In Bitcoin Soon.

2021-06-14 | Eddy Morgan

MicroStrategy To Invest Over $488 Mln In Bitcoin Soon.

MicroStrategy is preparing for another investment of over $488 Mln in Bitcoin [BTC, +13.25%] with the proceeds of a newly completed bond sale, the firm revealed earlier on Monday. The business intelligence firm managed by CEO Michael Saylor is adding to its vast trove of bitcoin with the new debt raise. MicroStrategy revealed that its approximately 92,079 BTC is being held by a newly formed subsidiary, MacroStrategy LLC. The proceeds of the high-yield bond sale have yet to be spent on Bitcoin. Saylor has made BTC acquisition a second mandate for his 32-year-old firm.

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