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MicroStrategy Raises $1.01 Billion in Convertible Notes to Boost Bitcoin Holdings

  • MicroStrategy has raised $1.01 billion in convertible notes.
  • The notes have an interest rate of 0.625% per year and will mature on September 15, 2028.
  • MicroStrategy plans to use the net proceeds to redeem its outstanding $500 million Senior Secured Notes and acquire additional bitcoin.
  • Approximately 69,080 bitcoins securing the Senior Secured Notes will be released upon redemption.

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