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MicroStrategy Boosts Note Offering to $500M as It Seeks to Buy Yet More Bitcoin: Report

The business intelligence firm originally planned to offer $400 million in senior secured notes.

By Kevin Reynolds
AccessTimeIconJun 8, 2021 at 4:42 p.m. UTC
Updated Sep 14, 2021 at 1:08 p.m. UTC
MicroStrategy CEO Michael Saylor
MicroStrategy CEO Michael Saylor
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Business intelligence firm MicroStrategy has boosted its planned bond offering to $500 million, according to a tweet from Bloomberg.

  • No other details were yet available.
  • On Monday, MicroStrategy said it intends to offer $400 million in senior secured notes to raise funds to boost its holdings of the leading cryptocurrency by market capitalization beyond the 92,079 it already holds.
  • At the same time, the company warned that based on the fluctuations of the bitcoin price during the Q2 to the present date, it sees taking an impairment of at least $284.5 million for the quarter ending June 30.

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