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News Explorer — MicroStrategy Plans to Raise $500 Million Through a Private Sale to Buy More Bitcoin

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Mar 13, 9:33 pm
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MicroStrategy Plans to Raise $500 Million Through a Private Sale to Buy More Bitcoin

MicroStrategy, the software firm and self-proclaimed "Bitcoin development company," has announced plans for another private sale to acquire more Bitcoin. The company intends to offer $500 million worth of convertible senior notes to institutional buyers, with the goal of purchasing additional cryptocurrency. MicroStrategy currently holds 205,000 Bitcoin, making it the largest corporate holder of the digital asset.

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