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08 March 2021

MicroStrategy Raises $1.05 Billion to Boost Bitcoin Offering

MicroStrategy Raises $1.05 Billion to Boost Bitcoin Offering

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MicroStrategy Raises $1.05 Billion to Boost Bitcoin Offering.

The debt won’t pay interest, and the company estimates total sales to be around $1 billion; it considers the amount enough to buy about 20,000 Bitcoin at current levels.

The corporate software company began buying crypto with its funds last summer beforeissuing debt in Decemberto increase its holdings to more than $1 billion.

Since then, stakes have tripled, as bitcoin has recovered 350% since it was announced its first purchase on August 11.

invested $1.5 billion of its $19 billion funds into Bitcoin last week.

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