Michael Saylor Ramps Up Bitcoin Buys At $1.01 Billion

September 20, 2024

Sep 20, 2023

Today Michael Saylor announced on his Twitter about the completion of the $1.01 Billion upsized convertible notes offering.

MicroStrategy Completes $1.01 Billion Upsized Offering of Convertible Notes at 0.625% Coupon and 40% Conversion Premium. $MSTR https://t.co/mJK5xwyn4S
— Michael Saylor⚡️ (@saylor) September 20, 2024

Following the rate cut decision by the Fed, Bitcoin is starting an uptrend reaching $64k earlier this morning. On top, Michael Saylor is using this strategy of buying billions of USD worth of Bitcoin.

MicroStrategy is already holding more than 250k BTC and is still aggressively buying more. Bitcoin community and the whole crypto community are excited about this calling Michael Salyor the biggest Bitcoin degen.

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BitMala Staff

Bitmala Editorial Team is a collective of passionate writers, cryptocurrency enthusiasts, and digital marketers dedicated to exploring the dynamic world of blockchain and digital assets.