MicroStrategy, Raising Cash to Buy More Bitcoin, Boosts Notes Offering to $550M

MicroStrategy, Raising Cash to Buy More Bitcoin, Boosts Notes Offering to $550M
MicroStrategy CEO Michael Saylor
(Charles Norfleet/Getty Images)

MicroStrategy said Wednesday it anticipates raising $537.2 million in net proceeds from a debt offering the business intelligence company is conducting in its most brazen play yet to buy more bitcoin.

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