Cathedra Bitcoin will pivot away from Bitcoin mining to providing general data center services and buying Bitcoin on the open market instead, the company said. Cathedra cited unpredictable profit margins as a cause for the shift.

MicroStrategy, under the leadership of Executive Chairman Michael Saylor, began acquiring Bitcoin in 2020, positioning it as a reserve asset within the company's treasury. Trending: Groundbreaking trading app with a ‘Buy-Now-Pay-Later' feature for stocks ...

MicroStrategy plans to issue $700M in convertible notes to redeem older debts and increase its Bitcoin holdings.

MicroStrategy, a business intelligence and cloud-based services firm, announced its plans to sell $700 million in senior convertible notes.

MicroStrategy will use the net proceeds from this offering to redeem Senior Secured Notes due 2028 and to acquire additional bitcoin.

MicroStrategy announced the details of its third debt offering of 2024, underlying its commitment to Bitcoin. The technology firm intends to raise $700 million with the issuance of convertible senior notes that will mature in 2028.