12 Comments

  1. $2.6 billion to buy Bitcoin? MicroStrategy out here playing Monopoly while the rest of us are stuck on Candy Crush.

  2. coinfeeds-bot on

    tldr; MicroStrategy has increased its convertible debt offering to $2.6 billion, up from the initial $1.75 billion target, to fund additional Bitcoin acquisitions and other corporate needs. The notes, maturing in 2029, will be sold to institutional buyers and select non-US investors. The firm expects net proceeds of $2.58 billion, potentially reaching $2.97 billion if additional purchase options are exercised. This move coincides with MicroStrategy’s rise into the top 100 US publicly traded companies, driven by a significant stock performance increase.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

  3. This madman keep dca at the ath

    Saylor will take us to 100k single handedly

  4. fegewgewgew on

    He’s going to push price up to sell and make profit, they won’t hold forever

  5. detective_scribe on

    Saylor has somehow found a money glitch. Borrow or sell shares to get more money to purchase bitcoin, price goes up 1x btc but 3x on mstr, borrow more and rince and repeat. It really is a bit worrisome tho because if they default it could really drag the entire market down.

  6. ThinCrusts on

    Wasn’t there another company like Microstrategy last cycle that kept running up too? What happened to that one? I can’t remember its name.

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