MicroStrategy raises another $500 million! and used to invest in Bitcoin

Yesterday evening, MicroStrategy, a listed US software company, issued a press release announcing plans to issue convertible corporate bonds again to raise US$500 million. The firm intends to use the funds to continue accumulating Bitcoin holdings, and despite the fact that the price of Bitcoin has just reached an all-time high, MicroStrategy does not seem concerned about a possible price reversal.

In a press release, MicroStrategy calls itself the world’s first Bitcoin development company. They said that as a publicly traded operating company, they are committed to promoting the continued development of the Bitcoin network through efforts in the fields of financial markets, advocacy and technological innovation.

Just spent $820 million to buy BTC

Maybe you remember that just this Monday, MicroStrategy just reported to the U.S. Securities and Exchange Commission that from February 26 to 3 Within two weeks of March 10, 12,000 Bitcoins were purchased for a total price of US$820 million.

Let its total BTC holdings reach 205,000, with the current total value reaching 14.739 billion U.S. dollars, and the floating profit of the holdings exceeding 7.8 billion U.S. dollars.

Bitcoin fluctuated at highs after breaking through $73,000

Back to the price of Bitcoin, since it hit a maximum of $73,625 in the afternoon of yesterday (13th), BTC briefly fell below 72,000, but soon reversed and pulled back. It was currently trading at $72,670 at the time of writing, up 1.82% in the past 24 hours.

Founder of MicroStrategy: Never Sell Bitcoin

Although MicroStrategy’s floating profit from Bitcoin investment has reached nearly 8 billion US dollars, these profits have not yet made Microstrategy move. The thought of warehouse. As a firm believer in Bitcoin, Michael Saylor has repeatedly emphasized in previous interviews that "MicroStrategy has no plans to sell Bitcoin in the near future or even ever, and continues to be optimistic about BTC."

Michael Saylor said that he will always buy top assets, and holding Bitcoin is the market exit strategy of micro-strategy. The current market value of Bitcoin has just exceeded 1 trillion US dollars, and is on par with gold, real estate, S&P index and other scales. There is competition from larger asset classes, but in his view, Bitcoin is a superior product to all of these asset classes: We believe that capital will continue to flow into Bitcoin from other asset classes because Bitcoin is technically superior to these assets category, in which case there is no reason to sell the winners and buy the losers.

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