MicroStrategy intends to raise $400 million to “bottom” Bitcoin
NewsIn a June 7 announcement, business intelligence company MicroStrategy said it plans to raise $400 million through selling premium backed bonds and using the pro...
[ad_1]
In a June 7 announcement, business intelligence company MicroStrategy said it plans to raise $400 million through selling premium backed bonds and using the proceeds to buy more Bitcoin.
MicroStrategy also today announced two new subsidiaries, MicroStrategy Services Corporation and MacroStrategy LLC.
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 new bonds will be fully guaranteed by MicroStrategy Services Corporation if they are issued and can be redeemed after the offering closes.
“The bonds will be fully and unconditionally secured on a high-security basis, simultaneously and individually, by MicroStrategy Services Corporation, a wholly owned subsidiary of MicroStrategy and a number of its subsidiaries. MicroStrategy may be formed or acquired upon closing of the offering,” MicroStrategy said in the announcement.
The bonds will be backed by MicroStrategy’s existing assets, including any Bitcoins obtained from the funds raised, but excluding MicroStrategy’s existing Bitcoins.
On the other hand, the 92,079 Bitcoins that MicroStrategy currently owns (worth around $3.4 billion) will be held by a new organization called MacroStrategy LLC.
However, shortly after the announcement, CEO Michael Saylor of MicroStrategy 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 in another way, somewhere the criticism of Elon Musk still exists and Michael Saylor is the Isaac Newton of the Bitcoin era.
“Making a personal argument without creating an antagonist 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
In a separate development, MicroStrategy also announced today that it expects to incur a loss of at least $284.5 million related to HODLing BTC over the last three months. Bitcoin price has lost about 45% in recent weeks, falling from a peak of $64,000 in mid-April to $36,500 today.
Maybe you are interested:
Join our channel to update the most useful news and knowledge at:
According to The Block
Compiled by ToiYeuBitcoin
[ad_2]
More From Crypto News
US Treasury Takes Action Against MEXC Over Alleged $16B in Sanctions-Linked Transactions
The Treasury press release identifies MEXC as the subject of the action and ties the exchange to transaction flows connected to three sanctioned or adversarial...
Core Lightning Urges Upgrade to v26.06.10 for Security Fixes
Core Lightning has urged node operators to install v26.06.10, a maintenance release from the ElementsProject/lightning repository that addresses issues in two a...
XRP Ledger Fixes Bug That Could Have Created New Tokens
The XRP Ledger has patched a disclosed security bug that could have allowed accounts with approved token-burning permissions to also create new tokens, a flaw t...
Why Is Dash (DASH) Price Surging Today? Key Drivers
Dash (DASH) is trading at $49.55, up 10.16% in the past 24 hours as of November 5, 2026, placing it among the day’s top gainers in the broader altcoin market.
Binance Spot Share Falls to 42% After $6.3B Hack
Binance’s share of global spot trading has fallen to 42% in the wake of a reported $6.3 billion hack, with rival exchange OKX emerging as one of the clearest be...
Why Is Arbitrum (ARB) Price Surging Today? Key Drivers Explained
Arbitrum’s ARB token is trading at $0.159795, up 4.80% in the past 24 hours as of November 4, 2026, with spot volume reaching $0.11 billion on the day.
