MicroStrategy has increased its bond issuance plan from $1.75 billion to $2.6 billion to purchase more Bitcoin, driven by high demand. The announcement was made by founder Michael Saylor, stating that the company will use the proceeds to buy additional Bitcoin and for general corporate purposes. As of November 17, 2024, MicroStrategy holds 331,200 BTC, valued at approximately $16.5 billion. Following this news, Bitcoin reached a new all-time high, surpassing $94,000.

Institutional Bitcoin Bull MicroStrategy announced that it will issue $1.75 billion worth of bonds to buy more Bitcoin (BTC). Revising this plan, MicroStrategy increased its planned bond issuance to $2.6 billion to buy more Bitcoin due to high demand.  The company may purchase more Bitcoin with this move. The change was announced by MicroStrategy founder Michael Saylor. "MicroStrategy (Nasdaq: MSTR) today announced that it has increased its offering of $2.6 billion of 0% convertible senior notes due 2029. This offering is larger than the previously announced $1.75 billion aggregate principal amount of bond offering. MicroStrategy intends to use the net proceeds from the offering to purchase additional Bitcoin and for general corporate purposes." As of 11\/17\/2024, MicroStrategy holds 331,200 BTC at an average price of $49,874, equivalent to approximately 16.5 billion. New ATH Arrived! Following the MicroStrategy news, Bitcoin renewed its ATH by exceeding $94,000. *This is not investment advice.

MicroStrategy Increases Bond Issuance to $2.6 Billion to Buy More Bitcoin