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22 June 2021

MicroStrategy to Raise Another $400M in Debt for Bitcoin  | Crypto Briefing

MicroStrategy to Raise Another $400M in Debt for Bitcoin  | Crypto Briefing


smart summary beta

MicroStrategy hasannouncedthe sale of $400 million in senior secured notes due 2028 in a private offering to qualified institutional investors.

The MicroStrategy founder announced a proposed private offering for $400 million of senior secured notes to acquire Bitcoin Monday.

Convertible notes differ from secured notes in that the former gives an option to change to MSTR stocks, while the latter doesn’t.

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