MicroStrategy Closes $1.01 Billion Convertible Senior Note Offering Due 2028

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MicroStrategy Closes $1.01 Billion Convertible Senior Note Offering Due 2028 In a significant financial move, MicroStrategy, a company known for its Bitcoin development initiatives, has announced the successful completion of its previously disclosed convertible senior note offering.

The company raised a total of $1.01 billion in principal through its 0.

While MicroStrategy did not provide explicit details on the use of the proceeds from this offering in its press release, it is widely expected that the company will use the capital to further its Bitcoin acquisition strategy and development of blockchain-based products and services.

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Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Latest News Microstrategy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-20 @ 12:46:13 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 959 words

Reading Time: 6 minutes read

Sentences: 39 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22622171

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