CandleFocus

MicroStrategy Announces Massive $460M Bitcoin Buy

MicroStrategy has raised $1.01 billion through an offering of convertible notes and has used a portion of these funds to acquire 7,420 BTC worth $458.2 million. The company now holds a total of 252,220 BTC acquired for approximately $9.9 billion. The move to raise funds and acquire more Bitcoin was initially announced on September 17th, with the plan to raise $700 million.

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