MicroStrategy Continues Investing in Bitcoin
In 2020, MicoStrategy bought over 70,000 bitcoins, giving the company to claim the “leader” title in the institutional investing market. In a new announcement, there was another declaration that MicroStrategy is planning to obtain even more !!!
For this reason, it will issue convertible notes worth of $600 million, with 6 years maturity duration, with semi-annual interest payment. At this moment, MicroStrategy’s position at Bitcoin, overcomes $3 billion, showing that there is instant return on this move from the market.
It is worth noting that one of the largest investors in Bitcoin, Grayscale Investments, valuing its position at $31 billion, applauded this move. Institutional investors are trying to create a trend, where Bitcoin and other cryptocurrencies will become a safe alternative for spreading the risk in their portfolios.