MicroStrategy Boosts Bitcoin-Linked Junk Bond to $500 Million - Bloomberg
www.bloomberg.com/news/articles/2021-06-08/microstrategy-boosts-bitcoin-linked-junk-bond-to-500-million
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.
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