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25 June 2021

MicroStrategy nets $1.6 billion in junk bond offering to buy Bitcoin

MicroStrategy nets $1.6 billion in junk bond offering to buy Bitcoin


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MicroStrategy nets $1.6 billion in junk bond offering to buy Bitcoin.

Software firm MicroStrategy has raised $1.6 billion in a junk bond offering — four times the initially sought amount.

Earlier this week, the company announced it would issue $400 million worth of junk bonds in a private offering, with a view to using the proceeds to purchase Bitcoin (BTC). .

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cointelegraph.com
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