HTTP/2 200 date: Tue, 08 Dec 2020 14:40:32 GMT content-type: text/html; charset=UTF-8 set-cookie: __cfduid=d0f943a36bdb94befce47254d7d5d52731607438432; expires=Thu, 07-Jan-21 14:40:32 GMT; path=/; domain=.bitcoinmagazine.com; HttpOnly; SameSite=Lax; Secure cf-ray: 5fe73dfabf61e09a-IAD age: 12 link: ; rel="https://api.w.org/", ; rel="alternate"; type="application/json", ; rel=shortlink strict-transport-security: max-age=2592000; includeSubDomains vary: Accept-Encoding, Accept-Encoding, Accept-Encoding,Cookie cf-cache-status: HIT cf-apo-via: cache cf-edge-cache: cache,platform=wordpress cf-request-id: 06e46510b20000e09a5382b000000001 expect-ct: max-age=604800, report-uri="https://report-uri.cloudflare.com/cdn-cgi/beacon/expect-ct" x-cache: HIT: 3 x-cache-group: normal x-cacheable: SHORT x-content-type-options: nosniff x-powered-by: WP Engine server: cloudflare MicroStrategy To Sell $400 Million Of Notes For Bitcoin – Bitcoin Magazine
- MicroStrategy, led by CEO Michael Saylor, made headlines[3] earlier this year when it invested $250 million to purchase 21,454 bitcoin (about 0.1 percent of all bitcoin that will ever exist).
- The press release clarified that the note sale is subject to market conditions and other factors, and that the notes will be unsecured and bear interest in arrears on June 15 and December 15 of each year, beginning on June 15, 2021. The notes mature on December 15, 2025 and MicroStrategy may redeem them for cash on or after December 20, 2023.
- MicroStrategy “expects to grant the initial purchasers 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 $60 million aggregate principal amount of the notes,” per the release.
- Immediately following the announcement, some in the Bitcoin space noted the groundbreaking nature of the plan, noting that
