Enterprise software firm MicroStrategy has upped its corporate bond sale, first announced yesterday, from $400 million to $500 million. The publicly traded company plans to use the revenue to purchase Bitcoin atop the 92,079 BTC it already holds.
According to a report from Bloomberg, which cites unnamed sources, MicroStrategy upped the sale after receiving $1.6 billion in bond orders from institutional investors eager to buy up the corporation’s debt in return for a yield of 6.125% in annual interest.
