Bitcoin
$43,886.67+2.90%
Ethereum
$3,111.54+6.70%
XRP
$0.956981+1.90%
Cardano
$2.26-1.19%
Polkadot
$29.69-0.38%
Stellar
$0.279688+1.12%
Dogecoin
$0.208766+0.01%
Chainlink
$25.10+3.35%
Uniswap
$24.68+26.65%
Polygon
$1.14+2.37%
Cosmos
$40.66+3.52%
Algorand
$1.76+2.51%
Litecoin
$152.84+1.31%
Bitcoin Cash
$510.85-0.79%
Wrapped Bitcoin
$43,940.76+3.03%
The Graph
$0.696990+2.64%
Filecoin
$59.00-1.13%
Tron
$0.089209-1.14%
Ethereum Classic
$48.00+1.53%
Tezos
$6.75-2.65%
Aave
$300.01+9.48%
Monero
$235.00-0.93%
NEO
$39.78+2.32%
EOS
$4.08+2.03%
IOTA
$1.21-1.46%
BitTorrent
$0.003252+0.50%
Bitcoin SV
$131.04-3.45%
Waves
$24.00-0.70%
Maker
$2,395.99+6.49%
Dash
$164.68+0.59%
Decentraland
$0.723330+5.41%
Decred
$114.89-0.10%
ICON
$1.66+7.58%
NEM
$0.150226+2.29%
Zcash
$112.55+2.52%
OmiseGO
$9.24+4.73%
Paxos Standard
$1.00+0.03%
Ren
$1.15+12.27%
Yearn Finance
$30,985.45+2.90%
NuCypher
$0.281472-3.39%
Qtum
$9.72+1.10%
Bitcoin Gold
$53.08+0.37%
Basic Attention Token
$0.653000+2.21%
Fetch.ai
$0.834834-0.17%
0x
$0.907468+1.53%
Bancor
$3.59+3.82%
Kava.io
$5.77-1.20%
Band Protocol
$7.55+2.52%
Siacoin
$0.015299+3.60%
Nano
$4.62-0.55%
Loopring
$0.377593-0.05%
Storj
$1.09+1.36%
Numeraire
$41.74+0.18%
Civic
$0.446027-1.59%
Lisk
$2.85-2.18%
Orchid
$0.322785+1.97%
PAX Gold
$1,760.07-0.04%
Enzyme
$148.28+9.82%
Augur
$21.48-4.98%
Aragon
$4.65-2.64%
district0x
$0.150940+1.50%
Kyber Network
$1.48+3.31%
SingularDTV
$0.001166-6.22%
Tether
$1.00-0.02%
USD Coin
$1.00-0.02%
Dai
$1.00+0.03%

MicroStrategy's Bitcoin-Driven Offering Boosted to $650M After Notes Buyer Bought $100M More

MicroStrategy's debt raise resulted in an estimated $639 million for bitcoin purchases.

Dec 11, 2020 at 5:14 p.m. UTC
Updated Sep 14, 2021 at 10:42 a.m. UTC

MicroStrategy announced Friday it raised $650 million, up from a recently boosted $550 million, in a convertible senior note sale designed to allow the business intelligence company to buy more bitcoin.

The company estimates $634.9 million of that sum – the net proceeds – will be available for bitcoin allocations in accordance with its treasury reserve policy.

The amount of the offering was boosted to $650 million from the $550 million announced on Wednesday after the purchaser of the notes exercised in full an option to buy up to an added $100 million of the convertible senior notes.

This story will be updated.

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...