Risking it all - CityAM : CityAM
Risking it all Disproportionate Focus MicroStrategy updated its initial statement and announced that it now anticipates raising $537.2 million in net proceeds from a debt offering to buy even more Bitcoins. This is significantly higher than the original target of $400 million. Furthermore, its unsecured, convertible senior notes will pay out 0.750% in interest annually to qualified institutional buyers – investors with at least $100 million under management – who buy in. Even without capital appreciation of Bitcoin, MicroStrategy can still structure asset lending or a...
Source: cityam.com