MicroStrategy doubles down on Bitcoin with $700M – Here’s everything to know!

Quick Summary:

How did the market react to MicroStrategy's new convertible senior notes offering?

The company continues to steadily increase its Bitcoin reserves, positioning itself ahead of most BTC ETFs in terms of holdings.

According to the press release these notes will be offered in a private sale to institutional investors who qualify under Rule 144A of the Securities Act of 1933.

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Article Details

Author / Journalist: Ishika Kumari

Category: Crypto

Markets: United StatesJapan

Topics: Social News 1 Bitcoin News Ambcrypto Trading View

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 19:00:23 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 22570847

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 28 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

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