MicroStrategy Inc (MSTR), a major bitcoin corporate backer, said it was offering $500M in bonds and the proceeds will be used to buy bitcoins.
This comes a day after the world’s largest publicly-traded business intelligence company said it planned to raise $400M through senior secured notes due 2028 in a private offering.
Bloomberg News first reported the news of MicroStrategy’s increased size of bond sale earlier in the day, citing a person familiar with the matter.
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