Officially, the aggregate principal amount of notes sold was $650 million, which includes notes issuable under an option to purchase. The company refused to disclose the names of the participants in the sale but asserted that the notes were sold only to qualified institutional traders in a private offering.
The notes bear an interest rate of 0.75% per annum and are payable semi-annually in arrears on June 15th and December 15th of each year starting from 2021 till 2025, when the notes mature.
Owners of these notes can require MicroStrategy to repurchase the notes in case of a “fundamental change.” The repurchase price will be 100% of the principal cost of the notes.
MicroStrategy has confirmed that it will use the entire sale proceeds (approximately $635 million post-initial purchaser’s discounts and commissions) to invest in BTC in line with its recently updated Treasury Reserve Policy. If the company proceeds with this purchase, its total Bitcoin holdings will surpass $1 billion.
Key BTC Levels to Watch — December 11
Bitcoin suffered a mini flash crash at rollover time early on Friday. The benchmark cryptocurrency retested the $17,635 support, where it found some demand and rallied to the $18,000 area.
The prospects for a bullish recovery in Bitcoin continues to dissipate, as the cryptocurrency consistently records lower highs over the past week. BTC risks dropping to the unfilled CME gap at $17,000 if it doesn’t execute a decisive break above the $18,500 price mark soon.
Meanwhile, our key resistance levels are at $18,500, $18,800, and $19,000. While our key support levels are at $17,635, $17,300, and $17,000.
Total market capital: $530 billion
Bitcoin market capital: $333 billion
Bitcoin dominance: 62.8%
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.