Leading business intelligence firm\u00a0MicroStrategy\u00a0plans to buy even more\u00a0Bitcoin\u00a0(BTC) by selling\u00a0$ 400 million\u00a0in debt securities.\r\n\r\nOn Monday,\u00a0MicroStrategy Inc (MSTR)\u00a0said it plans to raise nearly $ 400 million with the sale of senior convertible notes. Then, the net income from the sale will invested in Bitcoin after making way for business expenses. In the press release, the followings said:\r\n\u201cMicrostrategy intends to invest the net proceeds from the sale of the notes in bitcoin in accordance with its Treasury Reserve.\u201d\r\nOnly\u00a0\u201cqualified institutional buyers\u201d\u00a0will be allowed to buy interest-bearing securities that mature within five years. The notes will be unsecured. Starting from\u00a0June 15, 2021, between June 15 and December 15, interest payments every six months will be MicroStrategy\u2019s top-level obligations. The notes will mature on December 15, 2025, unless they were previously bought back, redeemed, or converted under their terms. MicroStrategy may redeem all or part of the notes to cash on or after 20 December 2023, subject to certain conditions.\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nHow Much Bitcoin Does MicroStrategy Own?\r\nThe statement published right after\u00a0MicroStrategy\u2018s announcement that it purchased 2,574 BTC last week. The firm currently holds 40,824 BTC, more than any other publicly-traded company. MicroStrategy started holding 38,250 BTC a few months ago as a reserve asset. The Nasdaq listed company began to make its first Bitcoin investment in August. It was $ 250 million. One month after, in September, the firm bought another $ 175 million BTC. Last week the firm added\u00a02,574 BTC\u00a0to its reserves. The company purchased the newest BTCs at an average price of $ 19,400. And now, MicroStrategy plans to buy more Bitcoin (BTC).\r\nWhy Is MicroStrategy Buying Bitcoin?\r\nThe reason behind the firm\u2019s purchase is that\u00a0Michael Saylor\u00a0sees Bitcoin and other alternative investments as a way to avoid inflation. The company expressed the opinion that holding large amounts of dollars was not reasonable, stating that the US dollar was getting weaker day by day. Therefore, it would make sense to shift treasury assets to deflationary or less inflationary assets. Current forecasts show that the market will strengthen further with the firm\u2019s bitcoin purchase. If the leading crypto money continues to be accepted by investors in this way, the price can reach very high levels. At the time of writing, BTC is trading at $ 18,825. So, this shows that the Bitcoin reserve held by MicroStrategy for the moment is almost\u00a0$ 768,512.\r\n\r\n#coinsfera #cryptonews #buybitcoinistanbul #buybitcoindubai #buybitcoinkosovo\r\n\r\nDisclaimer: All information provided in the content is for informational purposes only and should not perceive as an investment, financial, or trading advice. Any investment decision you make should be a personal choice based on financial knowledge, experience, and market research.