'Bitcoin Debt Investment' US MicroStrategy Raises Over 1 Trillion Won in Capital Increase
[Asia Economy Reporter Kwon Jae-hee] MicroStrategy, a U.S. software company famous for cryptocurrency 'debt investing,' plans to raise $1 billion (approximately 1.1179 trillion KRW) through a capital increase to make additional investments in Bitcoin, Bloomberg reported on the 14th (local time).
On the same day, MicroStrategy disclosed its plan for a capital increase through the issuance of common stock to the U.S. Securities and Exchange Commission (SEC).
The company explained that the funds raised would be used "for general corporate purposes, including the purchase of Bitcoin."
MicroStrategy is well known as a company that has aggressively invested in Bitcoin through bond issuance and other means.
The company also announced on the same day that it had completed the issuance of $500 million in senior secured notes to fund Bitcoin purchases.
The Wall Street Journal (WSJ) reported, "This is the third bond issuance by MicroStrategy to raise funds for Bitcoin in less than a year."
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Headquartered in Virginia, MicroStrategy is known to currently hold approximately 92,000 Bitcoins, and its CEO, Michael Saylor, is one of the leading Bitcoin advocates in the United States.
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