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MicroStrategy to Offer $400M in Notes to Buy More Bitcoin
Tanzeel Akhtar-Coindesk
2021-06-07 13:36
Publicly traded business intelligence firm MicroStrategy (NASDAQ: MSTR) said it intends to offer $400 million senior secured notes to raise funds to purchase more bitcoin.
The company said it has formed a subsidiary, MacroStrategy LLC, which will hold its purchase of 92,079 BTC.
The story is developing and will be updated.
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