Michael Saylor, the founder of MicroStrategy, stated on social media that MicroStrategy has completed the issuance of $800 million in convertible notes, with an interest rate of 0.625% and a conversion premium of 42.5%. After deducting discounts and commissions for initial buyers and estimated issuance expenses payable by MicroStrategy, the net proceeds from the sale of the notes are approximately $782 million. MicroStrategy will use the net proceeds from the sale of the notes to purchase additional Bitcoin.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
MicroStrategy completes $800 million convertible notes offering
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
Recommended for you
-
FIFA President announces 'FIFA Coin' initiative
Gianni Infantino, President of FIFA, announced the "FIFA Coin" plan at a White House summit, hoping to launch their own cryptocurrency. The aim is to leverage the $170 billion football industry and the 5 billion global football fans. They will invite cryptocurrency experts to collaborate and help realize this project. -
Argo Blockchain Signs $40 Million Financing Agreement to Support M&A Transactions
Argo Blockchain, a bitcoin mining company listed on Nasdaq, has announced that it has signed a $40 million senior secured convertible loan agreement, with an initial financing amount of $15 million and the remaining $25 million to be completed in the next 18 months. Three multinational institutions have invested (specific institution names have not been disclosed) and will join the Argo board. The new funds will be used to expand its mining facility in Baie Comeau, strengthen the balance sheet, and conduct a series of potential merger and acquisition transactions. -
Binance will adjust the collateral ratio of BCH, XTZ and other assets
According to the official announcement of Binance, Binance will update the collateral ratios of various assets under the investment portfolio margin mode on March 7, 2025 at 06:00 (UTC). The update process is expected to last about an hour. The specific adjustments are as follows: The collateral ratios of BCH, XTZ, and MANA will be reduced from 85% to 75%; The collateral ratio of ONE will be reduced from 80% to 70%; The collateral ratios of BAT and DENT will be reduced from 80% to 65%. Please note that the collateral ratio adjustments will affect the unified maintenance margin rate (uniMMR), and users need to pay close attention to avoid potential liquidation risks. -
DeepSeek open-sources and releases 3FS, a high-speed parallel file system that optimizes AI data access
On the fifth day of Open Source Week, its Fire-Flyer file system (3FS) was officially open sourced. As a high-performance parallel file system, 3FS can fully utilize modern SSDs and RDMA networks to achieve high-speed data access, improving the efficiency of AI model training and inference. -
Hong Kong to allocate HK$1 billion to set up artificial intelligence research institute
The Hong Kong SAR Government will allocate HK$1 billion to establish an artificial intelligence research institute. -
Binance Futures will launch U-based and Coin-based quarterly 0627 delivery contracts
Binance Futures will launch the following quarterly 0627 delivery contracts for U-based and coin-based contracts within a few hours after the expiration of the quarterly 1227 delivery contracts on December 27 at 16:00 U. -
Binance to Launch MORPHO and CHILLGUY USDT Perpetual Contracts
Binance futures platform will launch perpetual contracts with a maximum leverage of up to 75 times at the following times: -
MicroStrategy is looking to sell its Class A shares to raise $2 billion to buy more Bitcoin
MicroStrategy is seeking to sell its Class A shares to raise up to $2 billion to purchase more Bitcoin and for general corporate purposes.In regulatory filings filed with the U.S. SEC, MicroStrategy did not disclose a timetable for stock sales or how much proceeds would be used to purchase Bitcoin.Earlier in June this year, MicroStrategy announced the issuance of $500 million unsecured senior convertible notes to purchase more Bitcoin, and one day later raised the issue price to $700 million. -
Analysis: MicroStrategy’s BTC purchases offset German government selling pressure
Some analysts believe that the German government's massive sale of Bitcoin is the reason for the sluggish cryptocurrency market. In addition, traders are concerned that the stock market may have peaked and that the US fiscal situation is weakening. According to previous monitoring by the on-chain crypto analysis company Arkham, a wallet related to the German government transferred 6,500 BTC to exchanges on June 19th, worth $425 million at the time. The wallet holds nearly 50,000 BTC, reportedly seized from the pirated movie website Movie2k that has been operating since 2013. Data shows that these BTC were sent to Kraken, Bitstamp, and Coinbase. However, MicroStrategy disclosed that it has purchased an additional 11,931 BTC for $786 million, which offsets the selling pressure.
Daily Must-Read
-
Crypto Giants Seek Congressional Clarity on US Money Transmitter Rules
-
Massive Bitcoin whale buys $200M in BTC, another wakes up after 8 years
-
Ripple will drop cross-appeal in SEC case, get refund from lower court ruling
-
TRUMP Token Pops 12% After U.S. President Calls it 'The Greatest of Them All'
-
Gov’t can realize gains on gold certificates to buy Bitcoin: Bo Hines
-
44% are bullish over crypto AI token prices: CoinGecko survey
All Comments