- Bitcoin Gains for Third Consecutive Day
- Michael Saylor's Reaction to Bitcoin Surge
- MicroStrategy's Convertible Notes Offering Plans
Bitcoin, the largest cryptocurrency by market capitalization, continues its rise, exceeding the $63,000 mark. At the time of writing, Bitcoin is priced at $63,198, showing an increase of 5.37% in the last 24 hours and 9.37% this week.
Bitcoin Gains for Third Consecutive Day
Bitcoin hit highs of $63,526 in Thursday's session and continues its upward trend for the third consecutive day since September. After the Federal Reserve reduced borrowing costs by 50 basis points, its first cut in over four years, Bitcoin reached a three-week high.
Michael Saylor's Reaction to Bitcoin Surge
Michael Saylor, chairman and cofounder of MicroStrategy, reacted to Bitcoin's rise in his usual playful manner. In a recent tweet, he made a light-hearted statement: 'Have a Bitcoin Burger.'
MicroStrategy's Convertible Notes Offering Plans
Yesterday, MicroStrategy announced the pricing of its Convertible Senior Notes Offering. The company also issued a redemption notice for its Senior Secured Notes, to be redeemed on September 26, 2024. MicroStrategy plans to use the $864.1 million proceeds to redeem all $500 million of its 6.125% Senior Secured Notes due 2028 and to purchase additional Bitcoin.
Bitcoin's continuous rise attracts investor attention, with many watching to see if the cryptocurrency can sustain its upward momentum and reach new highs.
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