MICROSTRATEGY INC-CL A (MSTR)
US5949724083 - Common Stock
Why Is MicroStrategy (MSTR) Stock Soaring Today
Shares of business analytics software company MicroStrategy (NASDAQ:MSTR) jumped 15% in the afternoon session after the company announced the pricing of a new private offering of $2.6 billion in convertible senior notes due in 2029. MicroStrategy intends to use the net proceeds from the issuance to accelerate its Bitcoin purchases. When examining the relationship between MicroStrategy's stock price and the rising price of Bitcoin, it remains unclear whether the stock influences Bitcoin's improved price momentum or vice versa. However, the market's reaction suggests that optimism remains strong in light of the company's ongoing Bitcoin acquisition strategy.
Microstrategy Jumps Another 16% on $4.6 Billion Bitcoin Purchase
Billionaire Michael Saylor of MicroStrategy Is Buying Bitcoin Hand Over Fist
How much of your portfolio should be allocated to Bitcoin? Michael Saylor thinks it should be 100%.
Bitcoin Clears $94,000 As First Bitcoin ETF Options See Huge Volumes
Bitcoin hits a new high near $94,700. Spot bitcoin ETFs launch, BlackRock contracts near $1.9 billion. MicroStrategy buys more crypto.
MicroStrategy Raises Convertible Note Offering to $2.6 Billion
MicroStrategy Inc. increased the amount of convertible senior notes it plans to sell to fund the purchase of additional Bitcoin by almost 50% to $2.6 billion.
MicroStrategy Announces Pricing of Offering of 0% Convertible Senior Notes
Why Cryptocurrencies and Crypto Stocks Were Bouncing Higher on Tuesday
Billionaire Michael Saylor's Company Just Bought This Popular Cryptocurrency
MicroStrategy is still holding a lot of Bitcoin.
MicroStrategy Announces Proposed Private Offering of $1.75 Billion of Convertible Senior Notes
MicroStrategy Buys $4.6 Billion of Bitcoin in Largest Purchase
MicroStrategy Inc. bought about 51,780 Bitcoin for around $4.6 billion, the largest purchase by the crypto hedge-fund proxy since it began acquiring the digital-asset more than four years ago.
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