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Home Bitcoin News
bitcoin 3327635 1280

bitcoin 3327635 1280

MicroStrategy Plans To Raise $400 Million To Buy More Bitcoin

Aaron Moses by Aaron Moses
June 7, 2021
in Bitcoin News
Reading Time: 1 min read
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Early Monday Morning Michael Saylor, CEO of MicroStrategy, announced on Twitter that they are planing on raising $400 Million of Senior Secured Notes. The plan is to use this money to acquire more Bitcoin.

Michael Saylor posted the following message on his Twitter account:

MicroStrategy Announces Proposed Private Offering of $400 Million of Senior Secured Notes to acquire additional #bitcoin. $MSTRhttps://t.co/ilhUt1M73j

— Michael Saylor (@michael_saylor) June 7, 2021

Michael Saylor has been a Bitcoin evangelist for quite some time now and is one of the most active Bitcoin bulls out there. His company, MicroStrategy, currently owns 91,579 Bitcoins and it appears that they will add $400 Million more. It is likely that Michael Saylor wants to make use of the recent price plunge of Bitcoin to add to his current stash of Bitcoins.

The price of Bitcoin fell from around $60,000 to $31,000 in the past weeks as fear and uncertainty hit the market.

If you liked this article you might also like: Former U.S. President Trump thinks Bitcoin is a scam.

Aaron Moses
Aaron Moses

Aaron is passionate about blockchain and has been an investor in cryptocurrencies for the past years. He enjoys engaging with other people in the cryptocurrency community online, particularly on Telegram, and learning from experts.

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