Twitter Inc. the social media giant has announced $1.25 billion in convertible notes days after MicroStrategy bought over one billion worth of Bitcoin raised from a similar security debt offering.
The announcement has got the rumors mill running especially given Jack Dorsey, the Twitter CEO himself is a big-time Bitcoin proponent and his other venture Square Inc has invested heavily in the top cryptocurrency. MicroStrategy, the software giant has set the trend for offering debt security in the form of company convertible notes and use the money raised from the sale to purchase Bitcoin. MicroStrategy up until now has done two security debts offering one worth $650 million while the most recent one being worth $1 billion. The firm has also claimed that they would continue debt security offerings in the future as well.
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