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MicroStrategy Boosts Bitcoin-Linked Junk Bond to $500M

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On Tuesday, MicroStrategy Inc. raised the size of a junk bond sale to buy more Bitcoin, selling $500 million notes in the high-yield market. According to its official announcement, the notes will be sold in a private offering to qualified institutional buyers. Furthermore, it is expected to close on June 14, 2021, subject to satisfaction of customary closing conditions.

Michael Saylor, CEO and Chairman of MicroStrategy (MSTR) further announced this on a tweet saying, ’MicroStrategy announces pricing of $500 Million of 6.125% Senior Secured Notes due 2028 to acquire additional Bitcoin’

Originally, the company

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