MicroStrategy will issue bonds on $400 million to buy BTC – Bits Media

Last December, MicroStrategy issued bonds for $650 million to buy bitcoins. Now the company's management wants to repeat the step, only securities will be issued on $400 million.

Recall, that in December MicroStrategy planned to issue bonds for $400 million, however investor demand was so high, that the company's management increased the number of securities in the offer and the total amount was $650 million.

According to company press release, any assets can be used to secure securities, including already purchased bitcoins. However, already lying on the accounts of MicroStrategy 92 079 will not be used as collateral - they will belong to a subsidiary of MacroStrategy.

"Funds, received during the offer of securities, will be directed to purchase additional bitcoins ", - said in a press release.

The American company continues to accumulate . The first purchase took place back in August last year, and at the moment, MicroStrategy assets in bitcoins are estimated at $3 billion.

Formerly MicroStrategy CEO Michael Sailor (Michael Saylor) stated, what "has access" to 111 000 and is not going to sell his stock.