MicroStrategy announced that it will add another $500 million to Bitcoin! However, the stock price fell by nearly 8%.

This site (120bTC.coM): MicroStrategy, the dominant Bitcoin holdings among listed companies in the United States, announced late yesterday that it plans to target qualified institutional investors. Private placement of US$500 million worth of convertible senior bonds due in 2032.

Continue to increase your position in Bitcoin

MicroStrategy explained in the announcement that the convertible senior bonds issued this time will meet the following basic conditions:

• Belonging to micro-strategy unsecured senior debt, they will pay interest to investors and are scheduled to be settled semi-annually on June 15 and December 15 of each year starting from December 15, 2024.

• After June 20, 2029, MicroStrategy can redeem some or all of the bonds with cash.

• Bond holders have the right to require MicroStrategy to repurchase all or part of their bonds with cash on June 15, 2029.

• The interest rate, initial conversion rate and other terms of the bonds will be determined at the time of pricing of the offering.

However, more importantly, MicroStrategy stated that the proceeds from the bond issuance will continue to be used to purchase more Bitcoin: MicroStrategy intends to use the net proceeds from the sale of these bonds Proceeds will be used to purchase more Bitcoins and will also be used for the company’s general purposes.

MSTR fell nearly 8% at the opening

Since MicroStrategy announced its continued investment in Bitcoin in August 2020, its stock (MSTR) has started a skyrocketing mode, and with the Bitcoin bull market With the arrival of the epidemic, it has entered a concentrated outbreak cycle. After announcing multiple positions this year, the stock price has often been stimulated.

But this time, although MSTR rose 3.1% before the U.S. stock market opened, it fell all the way, closing at $1,483.88, down 7.47%. Although Bitcoin also performed poorly last night, MSTR fell even deeper, and repeated attempts to increase positions seemed to be gradually unable to lift the stock price.

Bitcoin once shot up to US$70,000 after the CPI was announced the night before yesterday, but then continued to fall. It once hit a low of US$66,258 at 0:00 on the 14th. At the time of writing, the price was US$66,630, down 2.4% in the past 24 hours. %.

MicroStrategy Bitcoin’s floating profit is 6.73 billion US dollars

However, although Bitcoin is still fluctuating, according to the latest data from bitcointreasuries, MicroStrategy’s current Bitcoin position is 214,400 BTC. Buy The cost is approximately US$7.543 billion, the current total value reaches US$14.276 billion, and the account floating profit is as high as US$6.73 billion.

Micro Strategy Bitcoin Position

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