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MicroStrategy to Raise $1.75 Billion to Expand Bitcoin Holdings
Following a significant $4.6 billion Bitcoin (BTC) purchase, MicroStrategy’s (MSTR) founder and chairman, Michael Saylor, announced that the firm plans to acquire more Bitcoin by offering convertible notes. According to a recent post on X (formerly Twitter), MSTR revealed plans to raise $1.75 billion through the issuance of convertible senior notes, primarily to acquire additional Bitcoin and support general operations.