MicroStrategy Doesn’t Stop to Buy Bitcoin
A month ago, MicroStrategy announced that it would issue a new bond worth $400 million, whose goal would be to purchase more Bitcoins for its portfolio.
After the bond’s public offering, the company gathered over $1.6 billion in offers from hedge funds and investors. The surprising supply for the bond led the company to increase the offering price to $500 million, offering a interest rate of 6.125 % for the next 6 years.
It’s time to see the influence in the price formation that will derive from this move in the market.