Topic: MicroStrategy Increases Its Debt-for-Bitcoin Offering to $500 Million - page 2. (Read 268 times)
June 09, 2021, 07:00:53 AM
What is this debt offering? Will it make a significant impact to the market if they do it? Also, what is that "speculative attack" on the US dollar that you are talking about? There's a lot of things that I want to know in this article.
June 09, 2021, 02:50:18 AM
According to U.Today, Michael Saylor Business Intelligence Company announced that on June 7, it will provide $ 400 million in senior collateral.
This increase in debt is more to gain access to bitcoin and organizes a so-called "speculative attack" on the US dollar.
MicroStrategy, meanwhile, is expected to suffer $ 284.5 million in losses.
The largest cryptocurrency is currently trading at $ 32,219 after falling to its lowest level since May 19.
Shares of MicroStrategy also fell 7.3 percent today, indicating uninterrupted sales of cryptocurrencies.
The company currently has 92,079 bitcoins (approximately $ 2.9 billion) in its coffers.
Source: https://u.today/microstrategy-increases-its-debt-for-bitcoin-offering-to-500-million
This increase in debt is more to gain access to bitcoin and organizes a so-called "speculative attack" on the US dollar.
MicroStrategy, meanwhile, is expected to suffer $ 284.5 million in losses.
The largest cryptocurrency is currently trading at $ 32,219 after falling to its lowest level since May 19.
Shares of MicroStrategy also fell 7.3 percent today, indicating uninterrupted sales of cryptocurrencies.
The company currently has 92,079 bitcoins (approximately $ 2.9 billion) in its coffers.
Source: https://u.today/microstrategy-increases-its-debt-for-bitcoin-offering-to-500-million
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