Michael Saylor Plans To Secure 2 Billion Dollars To Expand Bitcoin Holdings
Michael Saylor (NASDAQ:MSTR) continues his aggressive Bitcoin acquisition strategy. The CEO announced plans to raise 2 billion dollars in convertible debt through a private offering. This money will enable the firm to purchase more Bitcoin (CRYPTO: BTC). On Tuesday, Strategy revealed its intent to offer these notes to institutional investors in a private placement. Notably, there is an additional 300 million dollar option available for early buyers. These notes will mature on March 1, 2030. They will be convertible into cash, shares, or a combination of both at the discretion of the company. Saylor’s bold moves reflect a growing confidence in the cryptocurrency market and aim to strengthen the company’s position as the largest corporate holder of Bitcoin.