BREAKING: MicroStrategy Raises $650 Million to Put It All Into Bitcoin

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BREAKING: MicroStrategy Raises $650 Million to Put It All Into Bitcoin

The aggregate principal amount of the notes sold in the offering was $650 million, which includes notes issuable pursuant to an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $100 million aggregate principal amount of the notes granted to the initial purchaser of the notes, which the initial purchaser exercised in full on December 9, 2020 and which additional purchase was also completed today.

In its recent article, Bloomberg has cited JP Morgan analyst Nikolaos Panigirtzoglou, the author of the bank's recent report that admits Bitcoin may attract more investor funds in the future as a safe haven asset.

In the report, the analyst pointed out that financial institutions and high-net-worth individuals are gradually warming up to Bitcoin and starting to acquire it, showing further interest.

Bitcoin adoption by financial institutions has just started, he stated.


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