MicroStrategy Raises $500M From Bond Sale to Buy More Bitcoin
The announcement comes with news of a new bitcoin-holding subsidiary, MacroStrategy LLC.
- The business intelligence software company controlled by CEO Michael Saylor will add to its vast trove of bitcoin.
- MicroStrategy said its approximately 92,079 BTC is being held by a newly formed subsidiary, MacroStrategy LLC.
- The proceeds of the junk bond sale have yet to be spent on bitcoin.
- Saylor has made bitcoin acquisition a second mandate for his 32-year-old company after its main business of developing software.
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