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BREAKING: MicroStrategy Raises $3 Billion to Boost Bitcoin Holdings

MicroStrategy has completed a $3 billion offering of zero-interest convertible senior notes, which it plans to use to buy more Bitcoin and for other corporate needs. The notes, sold to institutional investors, mature in December 2029. An additional $400 million worth of notes were purchased by investors shortly after the initial sale. These notes can be converted into cash, MicroStrategy shares, or a combination of both. The funds will not only expand MicroStrategy's Bitcoin portfolio but also support its general business operations. The offering is limited to select buyers through private channels and does not have registration under U.S. securities laws.

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