On February 17, Bitcoin rose above the $52,000 mark.
The asset rose on news from the software provider MicroStrategy, which raised its target for issuing convertible notes from $600 million to $900 million, with an option to buy an additional $150 million. The proceeds from the sale will be used to buy Bitcoin.
More details on the terms of the notes offering were described the day before.
In December the company similarly raised $650 million and purchased 29,646 BTC at an average price of $21,925. In January and February MicroStrategy bought another 314 BTC (average price — $31,808) and 295 BTC (average price — $33,808), respectively.
According to Bitcoin Treasuries, MicroStrategy owns 71,079 BTC.
According to The Block sources, Elon Musk’s Tesla invested $1.5 billion in Bitcoin in early February via Coinbase.
Bitcoin surpassed the $50,000 mark on February 16.
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