Finst

MicroStrategy puts itself in debt for Bitcoin

MicroStrategy continues to bet on Bitcoin and keeps stacking sats.

By Finst News
• 2 min read
MicroStrategy steekt zich in de schulden voor Bitcoin

MicroStrategy continues to bet on Bitcoin and keeps stacking sats. To continue investing in the cryptocurrency, the company is taking on new debt.

Michael Saylor's business intelligence company is borrowing the money to fully bet on Bitcoin. That's according to a press release. The American company plans to issue a total of $600 million in new bonds to institutional investors.

View post on X

The move, however, is nothing new. The company has funded its Bitcoin investments before by raising debt or selling its own shares.

MicroStrategy has the highest Bitcoin stake of any publicly traded company. The company last bought more in late February. It currently has 193,000 BTC worth more than $6 billion.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.