Michael Saylor’s MicroStrategy To Raise $500M To Buy More Bitcoin

MicroStrategy plans to raise $500 million through a convertible senior notes offering, with proceeds going primarily toward acquiring more Bitcoin for its corporate treasury.

Jun 16, 2024 - 08:01
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Michael Saylor’s MicroStrategy To Raise $500M To Buy More Bitcoin

MicroStrategy, led by CEO Michael Saylor, announced it will raise $500 million through a private offering of convertible senior notes. The proceeds will fund additional purchases, furthering its corporate Bitcoin accumulation strategy.

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