# MicroStrategy Boosts Bitcoin-Linked Junk Bond to $500 Million - Bloomberg

<https://www.bloomberg.com/news/articles/2021-06-08/microstrategy-boosts-bitcoin-linked-junk-bond-to-500-million>

- Host: [bloomberg.com](https://links.thingelstad.xyz/hosts/bloomberg.com/)
- Saved: June 10, 2021 (2021-06-10T11:44:28Z)
- Record: https://links.thingelstad.xyz/links/69376e3297cc/
- JSON: https://links.thingelstad.xyz/links/69376e3297cc.json

## What Jamie wrote

They originally were going to raise $400 million, but took $500 million. Even more they "received about $1.6 billion in orders for the offering". There is a strong appetite for institutional investors to gain access to crypto. In the meantime, structures like this are offering a bridge, but with significant costs and inefficiencies to the investors.

## Facts

- Kind: [Page](https://links.thingelstad.xyz/kinds/page/)
- Wayback Machine: first captured June 2021, 34 captures

## Appears in

- [WT190: Weekly Thing #190 / WWDC, Passport, Roll](https://weekly.thingelstad.com/archive/190/), Notable

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## Elsewhere

- Wayback Machine: https://web.archive.org/web/*/https://www.bloomberg.com/news/articles/2021-06-08/microstrategy-boosts-bitcoin-linked-junk-bond-to-500-million