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Business intelligence firm MicroStrategy has completed a $800 million fundraising effort to purchase additional Bitcoin .
MicroStrategy has acquired an additional 12,000 BTC for ~$821.7M using proceeds from convertible notes & excess cash for ~$68,477 per, MicroStrategy raised the funds through a private offering of senior unsecured convertible notes bearing an interest rate of 0.625% per annum. After deducting the initial purchasers’ discounts, commissions, and estimated offering expenses, the net proceeds from the sale of the notes arrived at $782 million.
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