MicroStrategy Will Sell Shares Worth IDR 8.1 Trillion For Bitcoin Investment

JAKARTA - MicroStrategy, a business intelligence company that has become an icon in Bitcoin investment, announced a bold move with a planned sale of $500 million in shares. The goal is to strengthen their grip on Bitcoin, a digital asset that has become an integral part of their financial strategy.

In an announcement that caught market attention, MicroStrategy revealed that this debt securities that will mature in 2032 will be available only to selected institutional buyers. This offer, which is subject to Regulation 144A, shows a cautious and measurable approach, with the emphasis that everything still depends on changing market conditions.

With the expected sales results, MicroStrategy not only plans to expand their Bitcoin portfolio but also to meet the company's operational needs. This is a continuation of the vision that began in August 2020, when MicroStrategy first hugged Bitcoin as a fort against inflation, becoming a pioneer among public companies.

According to Coin SPEAKer information, as of May 1, 2024, MicroStrategy has raised around 214,400 BTC, with a value of about 7.5 billion US Dollars (approximately IDR 122.8 trillion). This investment was made at an average price of 35,158 US Dollars (approximately IDR 575 million) per Bitcoin, reflecting long-term commitments and trust in the sustainable value of Bitcoin.

In 2022, MicroStrategy's subsidiary MacroStrategy is taking strategic steps by securing a loan of USD 205 million (approximately IDR 2.99 trillion) from the Silvergate Bank. This move, which involves crypto assets as collateral, reaffirms MicroStrategy's confidence in Bitcoin potential.

With this latest share sales plan, MicroStrategy not only reaffirmed its position as a major Bitcoin supporter but also marked their confidence in the future of crypto.