Reported 2 days ago
Michael Saylor's company, Strategy (formerly MicroStrategy), is seeking to raise $2 billion through a private offering of convertible debt with no interest. The funds will primarily be utilized to purchase more Bitcoin, as Strategy has been aggressively acquiring the cryptocurrency in recent months. The company currently holds 478,740 Bitcoin, representing over 2.5% of all existing tokens, valued at over $45 billion. This move comes after a recent workforce reduction and could attract hedge fund interest.
Source: YAHOO