MicroStrategy Intends to Raise $600M to Buy Bitcoins
Microstrategy plans to raise $600 million through convertible notes.
Microstrategy plans to raise $600 million through convertible notes.
The adoption of Bitcoin has been rapidly accelerating among institutions thanks to the emergence of Spot Bitcoin ETFs.
Since the beginning of 2024, the price of Bitcoin has seen a 45% increase. This week, it surpassed the $60,000 mark for the first time since November 2021.
The company bought an additional 3,000 BTC at an average price of $51,813 per coin.
Last week, the spot Bitcoin ETF from VanEck saw a significant increase in daily activity, reaching over $400 million in trading volume.
The SEC is currently asking for feedback on a proposal to allow the trading of options for Bitcoin ETFs.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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