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MicroStrategy to Raise $700M via Convertible Note Sale, Eyeing Bitcoin Growth

  • MicroStrategy plans to raise $700 million through a convertible note sale.
  • The proceeds will be used to repay debts and add more Bitcoin to the company's balance sheet.
  • The offering will mature in 2028, and institutional investors can purchase the notes under Rule 144A.
  • MicroStrategy's Bitcoin strategy remains strong as it continues to acquire more BTC and utilizes convertible notes to improve its debt structure.

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