MicroStrategy prices US$900mil debt sale to buy more bitcoin


BENGALURU (Reuters) - Major bitcoin corporate backer MicroStrategy Inc on Wednesday priced an offering of US$900mil of debt through convertible notes, with the proceeds to be used for buying more of the digital currency.

The company, whose Chief Executive Officer Michael Saylor is one of the most vocal proponents of bitcoin, said proceeds of the offering will be about US$879.3 million.

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