MicroStratey CEO Michael Saylor has never let the crypto community down with his incredibly strong support for Bitcoin, and his latest action is the clearest proof.
MicroStrategy announced on June 7 that the company intends to offer a total of $400 million in a private placement offering to qualified institutional buyers based on rule 144A under the Securities Act. of 1933 and to persons outside the United States subject to regulation S under the above act, subject to market conditions and other factors
MicroStrategy Announces Proposed Private Offering of $400 Million of Senior Secured Notes to acquire additional #bitcoin. $MSTRhttps://t.co/ilhUt1M73j
— Michael Saylor (@michael_saylor) June 7, 2021
The notes will be fully and unconditionally secured on a basis of superior confidentiality, by MicroStrategy Services Corporation, a wholly owned subsidiary of MicroStrategy and a number of MicroStrategy subsidiaries which may be formed or repurchase after the offering ends.
It will also be secured on the basis of MicroStrategy’s current and future debt, by security interests, essentially all of MicroStrategy’s and guarantor’s assets.
The above warrants include any Bitcoin or other crypto assets acquired during or after the closing of the offering, but do not include MicroStrategy’s existing Bitcoins, as well as Bitcoins and assets. encryption obtained with existing Bitcoin proceeds. Approximately 92,079 of MicroStrategy’s existing Bitcoins will be held by a newly established subsidiary, MacroStrategy LLC.
MicroStrategy intends to use the proceeds from this offering to raise more Bitcoins. This is an action that can be said to be a breakthrough and bold move by Michael Saylor in the “very unpredictable” period of the current market.
However, right after the announcement, he also stated his support for Bitcoin and MicroStrategy’s move this time as the right decision. By quoting the quote of the great physicist Isaac Newton. It can also be understood on the other hand, somewhere that criticism of Elon Musk still exists and Michael Saylor is the Isaac Newton of the Bitcoin era.
Making a personal point without creating antagonists requires tact.
“Tact is the knack of making a point without making an enemy.” – Isaac Newton on #Bitcoin
— Michael Saylor (@michael_saylor) June 7, 2021
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