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From: Julius Wong	12/12/2020 9:55:35 AM
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Microstrategy upsizes offering again, raising $635M to buy more Bitcoin Dec. 11, 2020 12:47 PM ET MicroStrategy Incorporated (MSTR) By: Stephen Alpher, SA News Editor 39 Comments Announcing the close of its 0.75% convertible notes offering, Microstrategy (NASDAQ: MSTR) says it sold $650M of the paper. That's up from the initial plan to sell $400M, and then the originally upsized $550M.Net proceeds to the company will be about $634.9M. That would be enough to purchase 35.22K Bitcoins ( BTC-USD) at a price of $18K each, and bring the dollar amount of Bitcoin holdings north of $1B.The company last disclosed a Bitcoin purchase ($50M worth) on December 4, bringing its holdings to 40,824 coins purchased for a total of $475M.

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