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MicroStrategy boosts Bitcoin buying power with $875M convertible debt offering

  • MicroStrategy has increased its convertible debt offering to $875 million to purchase more Bitcoin.
  • The company plans to raise funds through the sale of convertible senior notes with an interest rate of 0.625%.
  • The net proceeds from the sale are estimated to be approximately $864.1 million.
  • MicroStrategy intends to use the funds to buy more Bitcoin and for general corporate purposes.

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