Bitcoin
$48,162.34+1.85%
Ethereum
$3,424.51+0.55%
XRP
$1.07-0.03%
Cardano
$2.37+0.54%
Polkadot
$34.61+2.19%
Stellar
$0.319998-0.36%
Dogecoin
$0.240393-0.81%
Chainlink
$28.25-0.08%
Uniswap
$24.24-1.41%
Polygon
$1.35-0.71%
Litecoin
$180.46-0.57%
Bitcoin Cash
$625.84+0.01%
Algorand
$2.07+5.86%
Cosmos
$39.18+15.26%
Wrapped Bitcoin
$48,175.48+1.84%
Filecoin
$83.61-1.00%
The Graph
$0.836656+1.53%
Tron
$0.105443+0.08%
Ethereum Classic
$56.91-0.14%
Aave
$353.46-2.96%
Tezos
$6.49+4.70%
EOS
$5.39+0.08%
NEO
$49.35+0.85%
Monero
$268.78+2.39%
IOTA
$1.63-1.03%
BitTorrent
$0.003950+0.88%
Bitcoin SV
$157.27-0.07%
Waves
$28.92-0.57%
Maker
$2,817.83+0.16%
Dash
$199.26-0.09%
Decred
$144.12-1.54%
Decentraland
$0.818481+0.23%
ICON
$1.90-0.62%
NEM
$0.183961+0.34%
Zcash
$138.42+2.59%
Qtum
$12.45-0.75%
NuCypher
$0.331749+0.59%
Bitcoin Gold
$66.20+0.74%
Yearn Finance
$33,822.33+1.34%
OmiseGO
$8.71+3.81%
Basic Attention Token
$0.756000+0.77%
0x
$1.11+3.06%
Paxos Standard
$1.00+0.03%
Ren
$0.961909+1.55%
Fetch.ai
$0.826810-2.91%
Bancor
$4.06+0.41%
Siacoin
$0.019095+4.75%
Band Protocol
$9.24+1.11%
Kava.io
$6.22+1.27%
Nano
$5.44+1.69%
Loopring
$0.453788-0.70%
Storj
$1.38+0.32%
Civic
$0.530975-2.11%
Lisk
$3.58-0.15%
Numeraire
$47.12+8.93%
Orchid
$0.372801+3.41%
PAX Gold
$1,767.71+0.25%
Augur
$26.48+2.15%
Aragon
$6.18+6.32%
Enzyme
$117.33+3.58%
district0x
$0.177584+2.59%
Kyber Network
$1.80-2.19%
SingularDTV
$0.001475-13.24%
Tether
$1.00+0.02%
USD Coin
$1.00-0.00%
Dai
$1.00-0.02%

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...