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Michael Saylor’s MicroStrategy (MSTR) Plans Another $700M Convertible Note Issuance to Redeem Debt, Boost Bitcoin (BTC) Stash

September 17, 2024
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The corporate, led by Government Chairman Michael Saylor, began buying bitcoin in 2020, adopting it as a reserve asset for its treasury. Since then, it has turn into the most important company purchaser of bitcoin, accumulating 244,800 BTC, price roughly $14.2 billion at present costs. Solely days in the past, MicroStrategy disclosed the acquisition of an extra $1.1 billion price of bitcoin, leaving it with $900 million out there beneath a earlier providing.



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Tags: 700MBitcoinBoostBTCConvertibleDebtIssuanceMichaelMicroStrategyMSTRNoteplansRedeemSaylorsStash
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