Reported 22 days ago
MicroStrategy has announced its third debt offering of 2024, aiming to raise $700 million through convertible senior notes maturing in 2028. The funds will primarily refinance existing debt and augment the company’s Bitcoin reserves, which already total 244,800 BTC valued at approximately $14 billion. Despite facing a net loss of $102.6 million in Q2 2024, MicroStrategy's stock has seen a 295% rise over the past year.
Source: YAHOO