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Microstrategy To Increase The Issuance Of Convertible Bonds To $500M To Purchase Bitcoin

Mary Liu

Summary: Microstrategy is raising debt to obtain more BTC.  According to Bloomberg, Microstrategy plans to increase the issuance of convertible bonds to $500 million, and the proceeds will be used to purchase Bitcoin.  The company announced yesterday that it would issue $400 million of senior notes to buy Bitcoin, and its current holding position is 92,079 ...

Microstrategy is raising debt to obtain more BTC. 

According to Bloomberg, Microstrategy plans to increase the issuance of convertible bonds to $500 million, and the proceeds will be used to purchase Bitcoin. 

The company announced yesterday that it would issue $400 million of senior notes to buy Bitcoin, and its current holding position is 92,079 BTC (approximately $2.9 billion).

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