MicroStrategy to Offer $400M in Notes to Buy More Bitcoin

MicroStrategy to Offer $400M in Notes to Buy More Bitcoin

Publicly traded business intelligence firm MicroStrategy (NASDAQ: MSTR) said it intends to offer $400 million senior secured notes to raise funds to purchase more bitcoin.

The company said it has formed a new subsidiary, MacroStrategy LLC, which will hold its purchase of 92,079 BTC.

The story is developing and will be update.

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