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MicroStrategy Announces $700 Million Raise To Redeem Senior Secured Notes and Buy Bitcoin

  • MicroStrategy plans to raise $700 million through a private offering of convertible senior notes.
  • The company intends to redeem all $500 million of its existing Senior Secured Notes due in 2028.
  • Proceeds from the offering will also be used to acquire additional Bitcoin.
  • The notes will be senior, unsecured obligations of MicroStrategy, and can be converted into cash or shares of the company's common stock.

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