MicroStrategy takes fundraising to $7bn for push into bitcoin

Quick Summary:

Software maker turned crypto investor increases size of convertible bond offering to $2.

That comes on top of the $4.6bn it raised in a stock sale last week, which has also gone into buying more bitcoin.

MicroStrategy’s buying has helped drive the price of bitcoin to a record this month.

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Article Details

Author / Journalist: Will Schmitt

Category: MarketsFinanceInvesting

Markets: United States

Topics: Month Microstrategy Convertible Bond Bitcoin Election Record Crypto Buying Cent Offering

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 19:00:06 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 658 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Financial Times

News ID: 23724177

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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News Last Updated: 9 hours ago

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Publisher ID: #3

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