MicroStrategy increases note sales to $2.6B for Bitcoin purchases
MicroStrategy upsizes its note sale to $2.6 billion to fund Bitcoin purchases, boosting confidence in BTC’s price reaching the $100,000 milestone.
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MicroStrategy upsizes its note sale to $2.6 billion to fund Bitcoin purchases, boosting confidence in BTC’s price reaching the $100,000 milestone.
MicroStrategy’s 0% senior convertible note means it will not need to pay regular interest to bondholders.
Following its latest purchase, MicroStrategy now holds 331,200 Bitcoin bought for $16.5 billion, or $49,874 per BTC.
One analyst raised his price target from $245 to $300 per share on news of MicroStrategy’s bold Bitcoin buying plans.
As institutional interest in Bitcoin soars, the crypto community grapples with fundamental questions about custody and control.
Donald Trump said nothing about changing tax laws for Americans using Bitcoin to buy coffee but has suggested eliminating federal income tax.
MicroStrategy is up over 1,500% since 1999 compared to Microsoft’s 1,460% gains during the same 25-year period.
“I support self-custody for those willing and able,” said Saylor in a new post after encouraging “big bank” custody in an interview earlier this week.
Saylor appears to be “explicitly arguing for a regulatory capture approach to protecting crypto,” which was not what it is about, said Buterin.
Benchmark analyst Mark Palmer has raised his price target for MSTR stock to $245 per share from $215.
