MicroStrategy Raises $650M for Bitcoin Buys, $100M Extra Than Beforehand Seen

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MicroStrategy Raises $650M for Bitcoin Buys, $100M Extra Than Beforehand Seen

MicroStrategy introduced Friday it raised $650 million, up from a just lately boosted $550 million, in a convertible senior word sale designed to p


MicroStrategy introduced Friday it raised $650 million, up from a just lately boosted $550 million, in a convertible senior word sale designed to permit the enterprise intelligence firm to purchase extra bitcoin.

The corporate estimates $634.9 million of that sum – the web proceeds – shall be obtainable for bitcoin allocations in accordance with its treasury reserve coverage.

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