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Bitcoinist 2024-06-13 17:00:16

MicroStrategy Latest Move: Sell Stocks, Buy Bitcoin Worth $500 Million

MicroStrategy, the business intelligence firm with an insatiable appetite for bitcoin, sent ripples through the market this week after announcing a $500 million convertible debt offering. The company plans to use the proceeds to fuel its ever-growing bitcoin treasury, a strategy that has propelled its stock price to dizzying heights but also introduced significant risk.

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