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News Explorer — MicroStrategy Aims to Raise $786 Million to Buy More Bitcoin

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Jun 14, 3:51 pm
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MicroStrategy Aims to Raise $786 Million to Buy More Bitcoin

MicroStrategy, the American software firm co-founded by Michael Saylor, plans to raise up to $786 million through the issuance of unsecured senior convertible notes. The funds will be used to buy more Bitcoin and for general corporate purposes. MicroStrategy currently holds 214,400 BTC, making it the largest institutional holder of the cryptocurrency.

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