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MicroStrategy Acquires Another 7,420 Bitcoin Following $1.01 Billion Fundraising

Shawn

Summary: MicroStrategy has completed a $1.01 billion convertible note offering, using part of the proceeds to acquire 7,420 Bitcoin between September 13 and 19. The total purchase amounted to $458.2 million, with an average price of $61,750 per Bitcoin. The company also plans to use the remaining funds to repay debt, including redeeming $500 million in ...

MicroStrategy has completed a $1.01 billion convertible note offering, using part of the proceeds to acquire 7,420 Bitcoin between September 13 and 19. The total purchase amounted to $458.2 million, with an average price of $61,750 per Bitcoin. The company also plans to use the remaining funds to repay debt, including redeeming $500 million in senior secured notes.

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