{"id":18714,"date":"2024-11-19T13:13:06","date_gmt":"2024-11-19T11:13:06","guid":{"rendered":"https:\/\/forklog.com\/en\/microstrategy-to-raise-1-75-billion-for-bitcoin-acquisition\/"},"modified":"2024-11-19T13:13:06","modified_gmt":"2024-11-19T11:13:06","slug":"microstrategy-to-raise-1-75-billion-for-bitcoin-acquisition","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/microstrategy-to-raise-1-75-billion-for-bitcoin-acquisition\/","title":{"rendered":"MicroStrategy to Raise $1.75 Billion for Bitcoin Acquisition"},"content":{"rendered":"<p>MicroStrategy plans to issue five-year senior convertible bonds worth $1.75 billion. The funds will be used for acquiring digital gold and general corporate purposes.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy Announces Proposed Private Offering of $1.75B of Convertible Senior Notes. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MSTR<\/a> <a href=\"https:\/\/t.co\/dBJMUvfjj1\">https:\/\/t.co\/dBJMUvfjj1<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1858617315405033963?ref_src=twsrc%5Etfw\">November 18, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The interest rate on the securities will be 0%. They will be issued at a discount. Investors&#8217; returns will be generated by the difference between the nominal value and the purchase price if conversion does not occur before maturity.<\/p>\n<p>From November 11 to 17, MicroStrategy acquired 51,780 BTC for ~$4.6 billion at an average of $88,627.<\/p>\n<p>As a result, the company&#8217;s reserves reached 331,200 BTC, for which the firm spent ~$16.5 billion \u2014 approximately $49,874 per coin.<\/p>\n<p>On November 18, MicroStrategy shares closed the day up 12.96% at a new all-time high of $384.79. Since the beginning of the year, the securities have risen more than sixfold.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1307.webp\" alt=\"1-1307\" class=\"wp-image-245540\"\/><figcaption class=\"wp-element-caption\">Daily chart of MSRT shares. Data: <a href=\"https:\/\/finviz.com\/quote.ashx?t=MSTR&#038;p=d\">Finviz<\/a>.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/13f.info\/cusip\/594972408\">13f.info<\/a>, the number of institutional holders of MSTR increased from 667 to 729 with a total declared value of $15.3 billion.\u00a0<\/p>\n<p>This <a href=\"https:\/\/13f.info\/cusip\/594972408\/2024\/3\">list<\/a> includes Vanguard Group, Capital International Investors, Morgan Stanley, Goldman Sachs, Bank of America, State Street, and Susquehanna.<\/p>\n<h2 class=\"wp-block-heading\">MicroStrategy&#8217;s Followers<\/h2>\n<p>On November 11, medical technology company Semler Scientific <a href=\"https:\/\/www.prnewswire.com\/news-releases\/semler-scientific-announces-btc-and-atm-activity-raised-21-5-million-purchased-additional-215-btc-now-holds-1-273-btc-with-btc-yield-of-37-3-302308149.html\">announced<\/a> the purchase of an additional 215 BTC for $17.7 million.<\/p>\n<p>The firm&#8217;s total bitcoin balance is estimated at 1,273 BTC, on which $88.7 million was spent.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-947.webp\" alt=\"2-947\" class=\"wp-image-245541\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/bitcointreasuries.net\/\">BitcoinTreasuries<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe have achieved a yield of 37.3% since adopting the strategy of using the first cryptocurrency as a reserve asset,\u201d said Semler Scientific Chairman Eric Semler.<\/p>\n<\/blockquote>\n<p>A new participant implementing a bitcoin strategy is AI company Genius Group.<\/p>\n<p>On November 12, the firm announced a plan to convert $120 million into digital gold and committed to holding 90% of current and future reserves in cryptocurrency. It will also integrate bitcoin payments into its Edtech platform.\u00a0<\/p>\n<p>On November 18, Genius Group<a href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/11\/18\/2982721\/0\/en\/Genius-Group-launches-Bitcoin-Treasury-with-purchase-of-110-Bitcoin-for-10-million.html\"> completed<\/a> its first purchase of 110 BTC for $10 million at an average price of $90,932 per coin.<\/p>\n<p>Simultaneously, management announced plans to launch a podcast to support organizations considering bitcoin as a treasury reserve asset.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThrough the podcast [\u2026] more companies [\u2026] will receive clear steps to follow,\u201d<\/em> explained Genius Group.<\/p>\n<\/blockquote>\n<p>On November 17, Japanese company Metaplanet announced the issuance of one-year bonds with a guarantee of 1.7 billion <span data-descr=\"Japanese yen\" class=\"old_tooltip\">JPY<\/span> (~$11.3 million) to replenish its bitcoin reserves.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">*Metaplanet Issues \u00a51.75 Billion in 1-year 0.36% Bonds, Proceeds to Fund Additional Purchases of <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>* <a href=\"https:\/\/t.co\/Jv3IEylplA\">pic.twitter.com\/Jv3IEylplA<\/a><\/p>\n<p>\u2014 Metaplanet Inc. (@Metaplanet_JP) <a href=\"https:\/\/twitter.com\/Metaplanet_JP\/status\/1858352792647225371?ref_src=twsrc%5Etfw\">November 18, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On November 19, Metaplanet purchased 124.11 BTC.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">*Metaplanet purchases additional 124.11 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>* <a href=\"https:\/\/t.co\/4QLVrsGTei\">pic.twitter.com\/4QLVrsGTei<\/a><\/p>\n<p>\u2014 Metaplanet Inc. (@Metaplanet_JP) <a href=\"https:\/\/twitter.com\/Metaplanet_JP\/status\/1858707819383366096?ref_src=twsrc%5Etfw\">November 19, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On November 18, MARA shared plans to purchase the first cryptocurrency through the sale of six-year convertible senior bonds. The mining firm will allocate up to $500 million for these purposes. Management will direct $200 million from the proceeds to repurchase part of the previous similar issue maturing in 2026.<\/p>\n<p>Previously, MicroStrategy presented the &#8220;21\/21 Plan,&#8221; aimed at raising $42 billion over the next three years to purchase bitcoin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MicroStrategy plans to issue five-year senior convertible bonds worth $1.75 billion. The funds will be used for acquiring digital gold and general corporate purposes. MicroStrategy Announces Proposed Private Offering of $1.75B of Convertible Senior Notes. $MSTR https:\/\/t.co\/dBJMUvfjj1 \u2014 Michael Saylor\u26a1\ufe0f (@saylor) November 18, 2024 The interest rate on the securities will be 0%. They will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18713,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1538,1185,1207,1150],"class_list":["post-18714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-purchase","tag-marathon-digital-holdings","tag-microstrategy","tag-news-plus"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18714"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18714\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18713"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}