MicroStrategy, founded by Michael Saylor, has announced an addition of tens of millions of dollars to the budget plan to buy Bitcoin.
MicroStrategy recently announced that it will sell $500 million of first-class convertible bonds due in 2031 to be able to increase its Bitcoin assets.
However, not satisfied with this amount, the company has made an additional $78 million to the $500 million bond sale plan. With the latest update, MicroStrategy, is expected to shortly after the sale purchase Bitcoin.
The company had recently announced that it had completed an $800 million bond offering to buy more Bitcoin. In fact, with the completion of this bond offering, MicroStrategy acted immediately and bought approximately 12,000 Bitcoins spending $821 million.
MicroStrategy currently holds 205,000 Bitcoins and if it makes an additional $578 million purchase, it is expected that the Bitcoin amount will reach around 213,000.
