Key Highlights:
- MicroStrategy plans to raise $700 million, with part of the proceeds likely headed toward more Bitcoin purchases, adding to its already massive 244,800 BTC stash.
- Other companies are following suit, issuing debt to accumulate Bitcoin, as the corporate race for BTC intensifies.
Yello ParadiseSquad! FOMO alert! Just when you thought Michael Saylor couldn’t be any more bullish on Bitcoin, MicroStrategy is gearing up to raise $700 million, and yes, you guessed it, a chunk of that is likely going straight into Bitcoin. If you’re not already stacking Sats, this might be your cue to reconsider.
MicroStrategy’s $700M Play: More Bitcoin on the Horizon
Just days after revealing they scooped up $1.1 billion in Bitcoin, MicroStrategy announced plans to issue $700 million in convertible senior notes. Of that, $500 million will be used to pay off some previous debt, but the rest? Well, Saylor’s leaving the door wide open to buy even more Bitcoin. If you thought 244,800 BTC was enough for them, think again, this guy’s not stopping.
MicroStrategy is also giving initial buyers the option to snatch up another $105 million in notes, because why not go bigger, right? Saylor’s been betting big on Bitcoin since 2020, and with 244,800 BTC already sitting in the company’s vault (worth $14.2 billion), MicroStrategy has become the corporate whale in the Bitcoin ocean.
The Bitcoin Buy-Up Trend: Who’s Next?
MicroStrategy isn’t alone in this Bitcoin accumulation race, companies like Semler Scientific and Metaplanet have started issuing debt to get their hands on BTC, following in Saylor’s footsteps. It’s becoming clear that corporate debt is the new playbook for grabbing as much Bitcoin as possible, and Saylor’s leading the charge.
So, what are you waiting for? While Michael Saylor is out here making billion-dollar bets on Bitcoin, it’s time to ask yourself, are you in or are you out? Because the way things are going, this crypto buying spree isn’t slowing down anytime soon.
