The largest Bitcoin investment firm MicroStrategy ($mstr) has just announced to buy more bitcoins with the 700 million dollars worth convertible senior notes.
MicroStrategy is the Virginia-based firm that is founded by the famous bitcoin advocate Michael Saylor. The firm is already holding a large amount of wealth in Bitcoin and now it is going to raise $700 million more by doing the sale of convertible seniors notes at just interest rate of 0.625% per annum only. This whole amount will only be used to buy Bitcoin directly at market price in spot market.
MicroStrategy Announces Pricing of Offering of Convertible Senior Notes $MSTR https://t.co/GBR4yG4Ebk
— Michael Saylor⚡️ (@saylor) March 6, 2024
MicroStrategy is already holding a big amount approximately 193,000 bitcoins and now they are buying more even at that time when bitcoin price is almost at its all time high. It shows their confidence and trust into bitcoin.
you can track their bitcoin holdings here
Michael Saylor is committed many times that he will never sell his bitcoin holdings as well as he will continue to buy more and more bitcoins in future. Hello also told that Bitcoin is the safest and most profitable asset even better than gold and real estate.
Recently, The government of Nigeria country has reportedly call the largest cryptocurrency exchange Binance, by demanding a minimum of 10 billion dollar from them due to damaged occurred in the country
