Golden Sentinel｜MicroStrategy once again increases Bitcoin and plans to issue 400 million US dollars in bonds

In addition to Grayscale, there is no doubt that MicroStrategy is one of the largest buyers of Bitcoin on Wall Street recently.

According to the latest news on December 7, MicroStrategy, a Nasdaq-listed company, announced that it will publicly offer a total of US$400 million of convertible senior bonds due in 2025 to qualified institutional investors. How to use the $400 million in cash from the offering? MicroStrategy stated that it intends to invest the net proceeds from the sale of the bonds, net of determining working capital needs and other general corporate purposes, in Bitcoin in accordance with its reserve policy.

Golden Noon News | January 12th at noon important dynamics overview: 7:00-12:00 Keywords: Beijing Financial Bureau, "Directory Blockchain" system, Hangzhou, Sichuan Free Trade Zone, blockchain electronic invoices

1. Director of the Beijing Financial Bureau: The first batch of projects entering the regulatory sandbox will be announced next week, including blockchain technology.

2. Beijing has created a "directory block chain" system to realize the collection of government department data on the cloud.

3. Hangzhou issued the Sixth Peace Declaration to promote the deep integration of technologies such as blockchain and social governance.

4. Sichuan launched a blockchain electronic invoice pilot in the Pilot Free Trade Zone.

5. BTC is currently at $8,055, down 0.82% in the past 24 hours, with a market value of $146.010 billion. [2020/1/12]

According to MicroStrategy, the bonds will be MicroStrategy's unsecured senior debt with semi-annual interest payments on June 15 and December 15 each year commencing June 15, 2021. The $400 million bond will mature on December 15, 2025 unless repurchased earlier. Redeem or convert according to its terms. According to MicroStrategy, the bonds will be converted into cash, MicroStrategy Class A common stock or a combination of cash and MicroStrategy Class A common stock. Subject to certain conditions, MicroStrategy will redeem all or a portion of the bonds for cash on or after December 20, 2023.

Exclusive live video | Jinse Finance and Canaan Technology will live broadcast the Nasdaq bell ringing scene in real time: At 22:30 on November 21, Beijing time, Canaan Technology will be listed on the NASDAQ in the United States, and a bell ringing ceremony will be held. Jinse Finance is exclusively authorized by Canaan Technology to conduct real-time China-US live video streaming.

Canaan Technology Nasdaq's full China-US live video broadcast will start on time at 21:00 Beijing time today.

According to public data, Canaan is the second largest manufacturer of bitcoin mining machines in the world. In 2019, the bitcoin mining machines sold by Canaan accounted for 22% of the total computing power of all bitcoin mining machines sold globally. The listing of Canaan Technology is a milestone and is known as "the first block chain miner". This listing will open a new chapter in the blockchain industry, let us witness the future of blockchain together with Canaan. [2019/11/21]

Since August 2020, MicroStrategy has increased Bitcoin multiple times. The timeline of MicroStrategy buying Bitcoin is as follows:

Golden Morning News | People's Data will build a national-level blockchain cloud The Nanjing Standing Committee meeting discussed suggestions on promoting the development of the blockchain industry: 1. People's Data will build a national-level blockchain cloud

2. The central bank's new regulations: From January 2019, personal transactions of 50,000 yuan and transfers of more than 200,000 yuan will be subject to suspicious monitoring by the central bank

3. The Nanjing CPPCC Standing Committee meeting discussed suggestions on promoting the development of Nanjing's blockchain industry

4. Bank of America files for new blockchain patent to improve cash handling method

5. my country's first independent blockchain technology chronic disease management platform is launched

6. Jiang Zhuoer: Avalanche pre-consensus greatly increases the difficulty of 51% attackers

7. Nigerian Blockchain Expert: Cryptocurrencies Can Help Boost the Nigerian Economy

8. Bitcoin’s trading volume has exceeded $410 billion this year

9. The Korea Blockchain Enterprise Promotion Association intends to build Gwangju City into a "Cryptocurrency Center" [2018/12/26]

In August 2020, MicroStrategy bought 21,454 bitcoins for $250 million.

On September 14, 2020, MicroStrategy spent another $175 million to purchase 16,796 bitcoins.

On December 3, 2020, MicroStrategy CEO Michael Saylor tweeted that the company purchased approximately 2,574 bitcoins for $50 million on December 3, at an average price of approximately $19,427 per bitcoin.

MicroStrategy currently holds approximately 40,824 bitcoins.

Why is MicroStrategy buying Bitcoin so much? This is inseparable from its CEO Michael Saylor. Michael Saylor explained that hedging the negative impact of currency inflation.

There is no doubt that Michael Saylor is the most active-zce advocate in the Bitcoin circle in recent times. In addition to supporting the MicroStrategy he manages to buy bitcoins vigorously, he himself is also buying a lot of bitcoins in his personal capacity. Michael Saylor tweeted on October 28 that he personally holds 17,732 BTCs, with an average purchase price of about $9,882. In addition to investing in Bitcoin, Michael Saylor also independently runs a Bitcoin full node.

In addition to MicroStrategy, Grayscale sister company Genesis CEO Morrow recently predicted that in 2021, 250 listed companies will follow in the footsteps of MicroStrategy and join the pace of buying Bitcoin.

Tags：

SAND