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MicroStrategy announces plans to buy 400 million worth of bitcoin



If you plan to lend to those who will buy bitcoin then why not to buy it for yourself?



08.Jun.21 10:00 AM
By Shawn Highstraw
Photo MicroStrategy

   406

MicroStrategy announces plans to buy 400 million worth of bitcoin
MicroStrategy plans to issue $ 400 million in bonds and wants to invest the proceeds in bitcoins. This was announced by the US mobile software and cloud services provider.

The bonds with a maturity of up to 2028 are placed with institutional investors to increase the existing position in bitcoins. MicroStrategy currently owns approximately 92,079 bitcoins.

The bond issue has yet to be approved by supervisory authorities.

A bitcoin cost $ 32,879 Tuesday morning. This is more than 9 percent less than Monday.



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