MicroStrategy to Sell $400 Million in Debt to Buy More Bitcoin

From bnnbloomberg.ca

MicroStrategy Inc. said it’s raising $400 million through a debt offering as part of its pursuit to acquire more Bitcoin. The Tysons Corner, Virginia-based enterprise software company said in a filing Monday the firm is offering senior secured notes that will be available to qualified institutional buyers. MicroStrategy has, with Michael Saylor at its helm, emerged as one of the most bullish public companies on cryptocurrencies. MicroStrategy is marketing the offering through Tuesday, and pricing is expected thereafter, according to a person with knowledge of the matter. Jefferies Financial Group Inc. is the sole ... (full story)