Michael Saylor’s MicroStrategy Raising Another $500M to Buy More Bitcoin
The debt offering comes just days after the company closed on an $800 million capital raise, also with proceeds used to buy bitcoin.
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Michael Saylor
The debt offering comes just days after the company closed on an $800 million capital raise, also with proceeds used to buy bitcoin.
The activist investor has previously mostly steered clear of any involvement in crypto.
Michael Saylor is celebrated for his innovative contributions to software and exceptional financial skills. With a net worth estimated at … Continue reading
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Michael Saylor doesn’t plan to sell any of MicroStrategy’ (MSTR)s bitcoin (BTC) anytime soon, or potentially ever, he said in an interview with Bloomberg TV on Tuesday.
MicroStrategy co-founder and executive chairman says his company is re-branding as a bitcoin development company during CNBC interview.
The recently launched spot bitcoin ETFs, excluding Grayscale’s GBTC, added nearly another 5,000 tokens to their holdings yesterday, and now at more than 192,000 BTC, hold more of the crypto than MicroStrategy (MSTR), whose total stood at 190,000 as of the end of January.
MicroStrategy (MSTR), the software firm whose executive chairman is bitcoin maximalist Michael Saylor, reported weaker-than-expected fourth quarter earnings on Tuesday, but the majority of its conference call presentation focused on the crypto.
Saylor said in an earlier earnings call that he will use the proceedings to meet personal obligations and buy additional bitcoin to his personal account.
MicroStrategy is also looking to raise up to $750 million in a sale of class A common stock.
The MicroStrategy executive chairman appeared on CNBC on day after the company reported its Q3 earnings.