Saylor proposed $500 Million in bonds and they got $1.6 BILLION !!
$1.6B + incoming Bitcoin buy incoming and people are selling 🤣🤣
(Bloomberg) — MicroStrategy Inc. has boosted the size of a junk-bond sale to fund the purchase of more Bitcoin, targeting $500 million for the deal, according to a person with knowledge of the matter.
The company has received about $1.6 billion in orders for the offering, including interest from a large number of hedge funds, according to different people with knowledge of the marketing process, who asked not to be identified discussing a private transaction. The strong interest comes amid a tumble in the value of Bitcoin to an almost three-week low.
Source: https://www.bloombergquint.com/onweb/microstrategy-boosts-bitcoin-linked-junk-bond-to-500-million
submitted by /u/polloponzi
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