MicroStrategy

MicroStrategy Ups its Bitcoin-Centered Convertible Note Offering to $700 Million

MicroStrategy Ups its Bitcoin-Centered Convertible Note Offering to $700 Million

Just a day after announcing a $500 million convertible senior note offering to purchase more BTC, among other goals, Michael Saylor’s brainchild increased its target to $700 million. The company’s shares have been on a wild ride in 2024, perhaps due to the developments around the Bitcoin landscape, but have soared by triple digits since […]

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MicroStrategy Announces $500M Convertible Senior Note Offering to Buy More Bitcoin

MicroStrategy Announces $500M Convertible Senior Note Offering to Buy More Bitcoin

Business intelligence firm and long-time Bitcoin holder MicroStrategy announced plans to offer $500 million aggregate principal amount of convertible senior notes due 2032. Interestingly, the proceeds of this initiative will be used to buy more Bitcoin and for other corporate purposes. According to its official announcement, the NASDAQ-listed company also intends to grant initial buyers

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MicroStrategy Founder Michael Saylor Nets $370M From MSTR Sales

MicroStrategy Founder Michael Saylor Nets $370M From MSTR Sales

MicroStrategy founder Michael Saylor has sold up to 370,000 shares of his brainchild over the past four months. This follows his entry into a stock-sale agreement with the company last year. Under the agreement, he has the authorization to unload up to 400,000 shares until April of this year. Saylor to Offload 400,000 Shares Michael

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MicroStrategy Shares Trading at an ‘Unjustifiable Premium’ to Bitcoin: Report

MicroStrategy Shares Trading at an ‘Unjustifiable Premium’ to Bitcoin: Report

Kerrisdale Capital has argued in a recent report that MicroStrategy’s shares have become overvalued. “We are long Bitcoin and short shares of MicroStrategy, a proxy for Bitcoin which trades at an unjustifiable premium to the digital asset that drives its value,” the company stated. MicroStrategy’s shares witnessed a notable 14% decline on Thursday following the

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MicroStrategy Announces Another $500 Million Note Sale To Buy Bitcoin

MicroStrategy Announces Another $500 Million Note Sale To Buy Bitcoin

MicroStrategy, the world’s largest corporate holder of Bitcoin (BTC), has announced another senior note offering for $500 million, with which proceeds will be used to purchase even more Bitcoin. At current prices, the next purchase is expected to take the company’s holdings beyond 210,000 coins – over 1% of the entire Bitcoin supply that will

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Not Just Bitcoin: MicroStrategy (MSTR) and Coinbase (COIN) Soar to Highest Prices Since 2022

Not Just Bitcoin: MicroStrategy (MSTR) and Coinbase (COIN) Soar to Highest Prices Since 2022

While BTC’s price has been on a roll in the past few months, certain stocks with strong relation to the asset or the industry have been flying as well. Such is the case with MicroStrategy, whose stock price is up by more than 250% since the start of the year, and Coinbase (COIN), which has

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