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International Business Times
International Business Times
Business
Marvie Basilan

Michael Saylor's MicroStrategy Seeks Another $500M To Buy More Bitcoins

MicroStrategy Michael Saylor Bitcoin Cryptocurrency Bill Ackman
MicroStrategy's Bitcoin investment approach started in 2020, back when most corporate entities were doubtful of the cryptocurrency's potential. (Credit: Ivan Radic/flicker)

KEY POINTS

  • MicroStrategy noted that its private offering is still subject to market conditions
  • The company announced a similar offering of $600m in convertible notes just last week
  • MicroStrategy said it has 205,000 Bitcoin holdings as of the weekend

Business software provider MicroStrategy is not done snapping up Bitcoin as it announced Wednesday that it intends to offer $500 million worth of convertible senior notes due in 2031 to institutional buyers so it can purchase more of the world's first decentralized cryptocurrency.

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