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MicroStrategy Seeks $500 Million for Bitcoin Purchase Through Convertible Bond Offering

MicroStrategy, now positioning itself as a Bitcoin development company, has announced plans to raise $500 million through a convertible senior notes offering. The company aims to utilize the proceeds to acquire additional Bitcoin, further bolstering its cryptocurrency holdings. This comes shortly after MicroStrategy closed an $800 million convertible debt financing, used to purchase an additional 12,000 Bitcoins.

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