{"id":3023,"date":"2024-11-20T15:17:45","date_gmt":"2024-11-20T15:17:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3023"},"modified":"2024-11-20T15:17:45","modified_gmt":"2024-11-20T15:17:45","slug":"microstrategy-upsizes-convertible-notes-offering-to-2-6-billion-for-bitcoin-purchases","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3023","title":{"rendered":"MicroStrategy Upsizes Convertible Notes Offering To $2.6 Billion For Bitcoin Purchases"},"content":{"rendered":"<div>\n<p><strong>MicroStrategy Incorporated<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MSTR#NASDAQ\">MSTR<\/a>) on Wednesday announced an increase in its convertible senior notes offering to $2.6 billion from its initial $1.75 billion, signaling its <a href=\"https:\/\/www.benzinga.com\/24\/11\/42079799\/microstrategys-michael-saylor-to-advocate-for-bitcoin-investment-at-microsoft-board-meeting-offers-to-educate-rumble-ceo-with-the-strategy\">continued aggressive stance<\/a> on <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) accumulation.<\/p>\n<p>The company plans to use the net proceeds to acquire additional Bitcoin and for general corporate purposes.<\/p>\n<p><strong>What Happened<\/strong>: This <a href=\"https:\/\/www.businesswire.com\/news\/home\/20241120130094\/en\/MicroStrategy-Announces-Pricing-of-Offering-of-0-Convertible-Senior-Notes\">announcement <\/a>comes as Bitcoin&#8217;s price surges past $94,000, propelling MicroStrategy&#8217;s market capitalization to $96.73 billion, surpassing the combined value of <strong>Newmont Corporation<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/NEM#NYSE\">NEM<\/a>) and <strong>Barrick Gold<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/GOLD#NYSE\">GOLD<\/a>), the world&#8217;s two largest gold mining companies.<\/p>\n<p>The 0% convertible senior notes, due 2029, will be offered to qualified institutional buyers under Rule 144A of the Securities Act and certain non-U.S. persons in compliance with Regulation S. <\/p>\n<p>With &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42090657\/microstrategy-upsizes-convertible-notes-offering-to-2-6-billion-for-bitcoin-purchases\" alt=\"MicroStrategy\" upsizes convertible notes offering to billion for bitcoin purchases>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MicroStrategy Incorporated (NASDAQ:MSTR) on Wednesday announced an increase in its convertible senior notes offering to $2.6 billion from its initial $1.75 billion, signaling its continued aggressive stance on Bitcoin (CRYPTO: BTC) accumulation. The company plans to use the net proceeds to acquire additional Bitcoin and for general corporate purposes. What Happened: This announcement comes as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3023","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3023"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3023\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}