MicroStrategy prepares for $1B Bitcoin buy after debt issue

posted 8 months ago
Virginia-based business intelligence firm MicroStrategy said it had closed its offering of 0% convertible senior notes, CEO Michael Saylor announced in a tweet.

MicroStrategy estimated that the net proceeds from the sale of the notes would be approximately $1.03 billion. It intends to use these net proceeds to purchase more Bitcoin (BTC).
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