MicroStrategy Raises $700M to Pay Off Debt, Buy Bitcoin
American software company MicroStrategy, one of the largest public holders of bitcoins in the world, announced its intention to raise $700 million to purchase the first cryptocurrency and pay off its own debt, which has reached almost half a billion dollars. MicroStrategy said the funds will be raised through a bond offering due in 2028. The offering will be available only to qualified institutional investors. Payments on the bonds are expected to begin in March…
