Strategy Plans $2 Billion Bond Sale to Expand Bitcoin Holdings
- Strategy aims to raise $2 billion by selling zero-coupon convertible bonds.
- The bonds will mature in March 2030 and are unsecured, senior obligations.
- This initiative is part of the “21/21 Plan” to raise $42 billion for Bitcoin purchases.
- Strategy currently holds 478,740 BTC, valued at over $47 billion.
- The company has spent approximately $31.1 billion on its Bitcoin holdings.
Strategy, formerly MicroStrategy, announced plans to sell $2 billion in zero-coupon convertible bonds as part of its ongoing strategy to increase its Bitcoin holdings, which currently stand at 478,740 BTC worth over $47 billion.
Source (2.6)https://decrypt.co/307080/strategy-raise-2-billion-buy-bitcoin?rand=52368