in

Bitcoin Bulls Go Ballistic On Twitter’s $1.25B Convertible Notes as Many Believe They Would Buy Bitcoin

Bitcoin Bulls Go Ballistic On Twitter‘s $1.25B Convertible Notes as Many Believe They Would Buy Bitcoin



View Reddit by robis87View Source

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

9 Comments

  1. I think a lot more companies are pulling the trigger on bitcoin than people realize.

    It only makes sense with all forms of fiat losing value daily with apparently infinite printing, they’d be dumb not to park at least a bit into crypto.

    Really excited to see the floodgates opening in real time!

  2. Is Twitter planning to add Bitcoin to its balance sheets? Many crypto bulls think it is. This Monday, the social media giant stirred the cryptocurrency sector after [announcing](https://finance.yahoo.com/news/twitter-inc-announces-1-25-120000301.html) that it tends to raise $1.25 billion by selling convertible senior notes to accredited investors days after MicroStrategy bought over one billion worth of Bitcoin raised from a similar security debt offering. Bitcoin rates against the US dollar rose above $48,500 after the news broke.

    Twitter [flirted with the idea of investing in Bitcoin](https://www.newsbtc.com/news/company/twitter-and-gm-are-considering-adding-bitcoin-to-their-balance-sheets/) earlier in February, right after Tesla Inc. revealed that it holds $1.5 billion of the cryptocurrency in its balance sheets.

  3. tldr; Twitter announced that it will raise $1.25 billion by selling convertible senior notes due for a 2026 expiry to accredited investors. The social media giant will use a portion of the proceeds to pay for its “convertible note hedge transactions,” while the rest will be used for capital expenditures, including potential acquisitions.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Loading…

0

What do you think?

Why Mark Cuban is looking forward to Ethereum’s use cases

Why Mark Cuban is looking forward to Ethereum’s use cases

Bitcoin is at a tipping point and could become ‘currency of choice’ for global trade, Citi says