MicroStrategy completed a $ 650 million dollar bond sale to fund its next Bitcoin purchase

The bond sale demonstrates MicroStrategy's belief that Bitcoin is a generational investment opportunity. MicroStrategy, the leading business intelligence company, announced on Friday that it has raised $ 650 million worth of convertible bonds to fund more purchases of Bitcoin (BTC), underscoring CEO Michael Saylor's conviction in the leading digital asset. The company confirmed on Friday that it had sold $ 650 million in convertible notes at a rate of 0.750% maturing in 2025. The interest rate is paid semi-annually on June 15 and December 15 beginning in 2021.