MicroStrategy, which announced a new Bitcoin purchase of 3000 units last week, announced that it will issue $600 million in convertible notes to buy more Bitcoin. Notes will be offered to private and qualified institutional buyers, not to a general sale.

In the statement, “MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoin and for general corporate purposes.” it said.

Profit margin is increasing steadily

The growth of the Bitcoin price, on the other hand, increases the credit purchasing power of MicroStrategy every time. While the value of Bitcoin held by the company was $12 billion just a few days ago, it has now increased to around $12.9 billion when calculated at a price of $67,000.

Shares hit a record high

As the price of Bitcoin in its hands increases, MicroStrategy also adds value to its value in terms of shares. Company shares completed the Nasdaq stock exchange yesterday with a record. While the 20-year price record was broken, the share price closed the day at $1334, an increase of 25%.

Saylor, who also spoken at the Bitcoin conference in Madeira, Portugal at the weekend, sits on the board of directors of MicroStrategy. Saylor, the company’s largest shareholder, holds approximately 2.4 million shares.

The famous businessman also has more than 17,700 personal Bitcoins.