- Nasdaq-listed Microstrategy (NASDAQ:MSTR) announced that it will raise $400M to buy more BTC.
- The firm aims to guarantee the notes unconditionally.
- Its new subsidiary MacroStrategy will hold its currently owned 92,079 BTC.
Microstrategy, a Nasdaq-listed intelligence company, announced on Monday its plans to raise $400 million in senior-secured notes, a type of debt offering. It will use the proceeds to buy more Bitcoin.
Moreover, as per the company’s announcement, MicroStrategy Services Corporation will, jointly and severally, guarantee the notes fully and unconditionally.
Further, they added, “The notes and the related guarantees will be secured, on a senior secured basis with MicroStrategy’s existing and future senior indebtedness, by security interests on substantially...
This article was first published on coinquora.com