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Just a day after announcing a $500 million convertible senior note offering to purchase more BTC, among other goals, Michael Saylor’s brainchild increased its target to $700 million.
As with previous such offerings, MicroStrategy said it intends to utilize the net proceeds to “acquire additional bitcoin and for general corporate purposes.”from SaylorTracker shows that the company now owns 214,400 BTC . Although the asset has retraced by roughly eight grand from its all-time high registered in March this year, MicroStrategy still sits on a massive unrealized profit of $6.6 billion.
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