Bitcoin
$42,155.13-1.41%
Ethereum
$2,845.39-2.84%
XRP
$0.925041-2.59%
Cardano
$2.25-4.47%
Polkadot
$28.82-7.74%
Stellar
$0.271855-3.99%
Dogecoin
$0.205391-2.47%
Chainlink
$24.10+3.75%
Uniswap
$18.99-4.18%
Polygon
$1.08-4.74%
Cosmos
$37.82-8.73%
Algorand
$1.67-5.83%
Litecoin
$148.76-3.68%
Bitcoin Cash
$507.85-2.15%
Wrapped Bitcoin
$42,129.63-1.42%
The Graph
$0.664471-3.03%
Tron
$0.088225-4.53%
Filecoin
$56.60-10.84%
Ethereum Classic
$46.39-3.59%
Tezos
$6.83-5.16%
Monero
$236.83-1.90%
Aave
$266.26-5.20%
EOS
$3.93-3.15%
NEO
$37.77-4.95%
IOTA
$1.19-5.66%
BitTorrent
$0.003173-3.64%
Bitcoin SV
$130.41-3.61%
Maker
$2,389.73+3.81%
Waves
$23.34-5.95%
Dash
$160.76-3.03%
Decentraland
$0.743539+6.20%
Decred
$112.02-5.06%
ICON
$1.51-4.64%
NEM
$0.143800-3.97%
Zcash
$110.43-0.76%
Paxos Standard
$1.00-0.58%
OmiseGO
$8.46-5.64%
NuCypher
$0.280463-0.18%
Yearn Finance
$29,261.55-1.77%
Ren
$0.979503-7.85%
Bitcoin Gold
$51.47-2.17%
Qtum
$9.32-5.48%
Fetch.ai
$0.818637-2.39%
Basic Attention Token
$0.627000-4.25%
0x
$0.869110-4.57%
Kava.io
$5.64-8.53%
Bancor
$3.40-1.33%
Band Protocol
$7.24-2.36%
Siacoin
$0.014426-4.98%
Nano
$4.42-6.69%
Loopring
$0.370073-3.32%
Numeraire
$40.51-2.32%
Storj
$1.04-3.82%
Civic
$0.430470-7.26%
Lisk
$2.78-4.36%
Orchid
$0.315888-2.57%
PAX Gold
$1,755.35-0.31%
Enzyme
$151.13+15.42%
Augur
$20.52+0.08%
Aragon
$4.51-6.31%
district0x
$0.144192-6.53%
Kyber Network
$1.41-3.47%
SingularDTV
$0.001267-1.04%
Tether
$1.00+0.00%
USD Coin
$1.00+0.02%
Dai
$1.00+0.00%

MicroStrategy Raises $500M From Bond Sale to Buy More Bitcoin

The announcement comes with news of a new bitcoin-holding subsidiary, MacroStrategy LLC.

Jun 14, 2021 at 1:54 p.m. UTC
Updated Sep 14, 2021 at 1:10 p.m. UTC

MicroStrategy is preparing to buy up to $488 million in bitcoin with the proceeds of a $500 million bond sale it just completed, the company said Monday.

  • The business intelligence software company controlled by CEO Michael Saylor will add to its vast trove of bitcoin.
  • MicroStrategy said its approximately 92,079 BTC is being held by a newly formed subsidiary, MacroStrategy LLC.
  • The proceeds of the junk bond sale have yet to be spent on bitcoin.
  • Saylor has made bitcoin acquisition a second mandate for his 32-year-old company after its main business of developing software.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...