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

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

By Danny Nelson

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

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

Bitcoin Conference Draws Cryptocurrency Fans To Miami — MicroStrategy CEO Michael Saylor walks through the Bitcoin 2021 convention.

Alex Thorn

Head of Firmwide Research

Galaxy

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Alex Thorn

Head of Firmwide Research

Galaxy

Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.

Secure Your Seat

Danny Nelson

Alex Thorn

Head of Firmwide Research

Galaxy

Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.

Secure Your Seat

Alex Thorn

Head of Firmwide Research

Galaxy

Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.

Secure Your Seat

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.

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