MicroStrategy's $700M Debt Offering for Bitcoin Acquisitions: Fueling Future Growth

Saturday, 15 June 2024, 16:24
MicroStrategy increases its debt offering to $700M to support further acquisitions of Bitcoin. The newly issued convertible notes, set to mature in 2032 at a yearly interest rate of 2.25%, indicate the company's commitment to expanding its Bitcoin holdings.
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MicroStrategy's $700M Debt Offering for Bitcoin Acquisitions: Fueling Future Growth

MicroStrategy's Debt Offering for Bitcoin Acquisitions

MicroStrategy has announced a significant increase in its debt offering, totaling $700M, with the specific aim of fueling further acquisitions of Bitcoin. The convertible notes involved carry an annual interest rate of 2.25% and are set to mature in 2032.

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