Microstrategy Completes $650 Million Capital Raise to Fund More Bitcoin Purch...

Microstrategy Completes $650 Million Capital Raise to Fund More Bitcoin Purch...

Microstrategy Inc. has raised $650 million from the sale of convertible senior notes so that it could buy more bitcoin. In a note to investors on Dec. 11, the business intelligence and mobile software firm said it completed the sale of $650 million in convertible bonds to private investors at 0.75% interest per year. The sale was closed just days after Microstrategy made the initial offer, which intended to raise $400 million. Microstrategy plans to use the net proceeds – about $635 million after expenses – to buy bitcoin (BTC). Should the company go ahead with the planned....


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