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Bitcoin-accumulating firm MicroStrategy Proposes $700M of Notes

  • MicroStrategy, known for investing billions in Bitcoin, proposed a $700 million capital raising measure through convertible senior notes.
  • The notes will bear 6.1% interest and will mature on Sept. 15, 2028, unless repurchased, redeemed, or converted earlier.
  • MicroStrategy reserves the right to redeem for cash all or any portion of the notes issued.
  • The proceeds from this offering are expected to be used to acquire more Bitcoin.

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