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MicroStrategy could hold more than $4B in Bitcoin after latest private offering and crypto purchase

Published 06/14/2021, 11:15 AM
Updated 06/14/2021, 01:00 PM
MicroStrategy could hold more than $4B in Bitcoin after latest private offering and crypto purchase
BTC/USD
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Business intelligence company MicroStrategy has completed its $500 million offering of secured notes, and said it plans to use the proceeds to purchase Bitcoin.

In a Monday announcement, MicroStrategy said it had sold $500 million worth of senior secured notes in a private offering to buyers within and outside the United States. After deducting expenses, initial purchaser discounts, and commissions, the firm said the net proceeds were roughly $488 million, funds which it intends to use to buy Bitcoin (BTC).

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