Blockchain Investor Oliver Isaacs Hints Twitter May Buy BTC After $1.25B Notes Offering

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  • Twitter plans a $1.25 billion convertible notes offering.
  • Oliver Isaacs cited Microstrategy’s treasury strategy, which could also be the move of Twitter.
  • If this happens, Twitter might become the second biggest firm to purchase BTC after Tesla (NASDAQ:TSLA).

Mar 04, 2021 (Vehement Media via COMTEX) — Twitter plans to raise $1.25 billion by means of convertible senior notes offering. With this, well-known Blockchain investor and influencer Oliver Isaacs hints at the possibility of Twitter adding BTC to its balance sheet.

According to a press release, Twitter plans to offer a $1.25 billion aggregate principal amount of convertible senior notes due in 2026. However, the action will take place in a private placement to qualified institutional purchasers.

In addition, the social media giant will be able to convert the notes into cash, shares of its common stock, or a combination of the two options. Even more, the firm will analyze the interest rate, initial conversion rate, and also other terms of the notes.

Added to this, the firm said that it will use this considerable amount for general corporate purposes, working capital, capital expenditures, and potential acquisitions. At the moment, Twitter has not revealed anything specifically related to Bitcoin in the press release.

Nevertheless, Oliver Isaacs who has made early investments in key Cryptocurrencies including Ethereum, Binance Coin and a number of defi coins has made a comparison between similar things that happened on two occasions by MicroStrategy, a business intelligence firm. Michael Saylor’s company raised over $1.6 billion in total from convertible senior notes offerings. Afterward, they allocated all funds in the said cryptocurrency.

Twitter just announced a $1.25 billion convertible note offering.

Given the recent treasury strategy of Microstrategy (NASDAQ:MSTR), could @jack be planning to put bitcoin on Twitter’s balance sheet?

Time will tell, but there are few people who understand the power of bitcoin like Jack.

Source Link: https://www.marketwatch.com/press-release/blockchain-investor-oliver-isaacs-hints-twitter-may-buy-btc-after-125b-notes-offering-2021-03-04

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