MicroStrategy Boosts Note Offering to $500M as It Seeks to Buy Yet More Bitcoin: Report

The business intelligence firm originally planned to offer $400 million in senior secured notes.

Jun 8, 2021 at 4:42 p.m. UTC

Updated Sep 14, 2021 at 1:08 p.m. UTC

MicroStrategy CEO Michael Saylor

Business intelligence firm MicroStrategy has boosted its planned bond offering to $500 million, according to a tweet from Bloomberg.

No other details were yet available.
On Monday, MicroStrategy said it intends to offer $400 million in senior secured notes to raise funds to boost its holdings of the leading cryptocurrency by market capitalization beyond the 92,079 it already holds.
At the same time, the company warned that based on the fluctuations of the bitcoin price during the Q2 to the present date, it sees taking an impairment of at least $284.5 million for the quarter ending June 30.

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