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MicroStrategy’s Bitcoin Ambitions: $700 Million Fundraise For Further Acquisitions

  • Business intelligence firm MicroStrategy plans to offer $700 million in convertible senior notes due 2028.
  • Proceeds will be used to redeem existing debt and release collateral secured by approximately 69,080 BTC.
  • MicroStrategy recently acquired 18,300 Bitcoin, bringing its total holdings to approximately 244,800 BTC.
  • Bitcoin price experienced losses in the past 24 hours, but still shows gains in the weekly timeframe.

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