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MicroStrategy issues $500M in convertible notes to buy more Bitcoin

MicroStrategy issues $500M in convertible notes to buy more Bitcoin
MicroStrategy is set to offer $500 million in convertible senior notes due in 2032 to finance more Bitcoin acquisitions.

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MicroStrategy, a major player in the cryptocurrency market, has announced a new initiative to raise $500 million through convertible senior notes due in 2032. The company plans to use the funds to finance further acquisitions of Bitcoin, in addition to addressing general corporate purposes. This move comes as MicroStrategy currently holds over 1% of Bitcoin's circulating supply, valued at approximately $15 billion. The offering will provide investors with the option to convert the notes into cash, MicroStrategy’s class A common stock, or a combination of both. This financial maneuver is aligned with the company’s growth and investment strategy, and reflects Chair Michael Saylor’s commitment to the asset.

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