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  1. coinfeeds-bot on

    tldr; MicroStrategy has announced a plan to offer $500 million in convertible senior notes due 2032, targeting qualified institutional buyers. This offering includes an option for initial purchasers to buy an additional $75 million of the notes. The proceeds will be used to acquire more Bitcoin and for general corporate purposes. The notes, maturing on June 15, 2032, are convertible into cash or MicroStrategy stock at the company’s discretion. This move reflects MicroStrategy’s ongoing strategy to leverage debt financing to expand its Bitcoin holdings.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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