Summary
- MicroStrategy announced plans to increase its fundraising goal from $500 million to $2 billion for the purpose of acquiring additional Bitcoin (BTC).
- The fundraising will proceed through the issuance of convertible bonds, and it was stated that most of the secured funds will be used to purchase Bitcoin.
- It was reported that BTC was trading at $119,302, up 0.95% from the previous day, on the Binance USDT market as of the 25th.
According to Bloomberg on the 24th (local time), MicroStrategy, the world's largest publicly traded holder of Bitcoin (BTC), plans to significantly increase its fundraising goal for acquiring additional BTC from $500 million (approximately ₩690 billion) to $2 billion (approximately ₩2.7 trillion).
This fundraising effort will be carried out through the issuance of convertible bonds, and most of the funds raised are expected to be used for BTC acquisition.
Meanwhile, as of 03:07 on the 25th, BTC was trading at $119,302 on the Binance Tether (USDT) market, up 0.95% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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