Michael Saylor Expands Bitcoin Portfolio by Issuing Debt

MicroStrategy has just revealed a significant $700 million debt offering. The tech company is issuing bonds at different terms and rates in order to purchase Bitcoin using the funds raised. This strategy allows Saylor’s firm to increase its Bitcoin holdings and benefit financially from the investment. Prior to the approval of a Bitcoin ETF in January 2024, MSTR shares were commonly traded as a substitute for a Bitcoin ETF. Stay updated on the latest tech news by visiting NEWSLINKER.