FILE PHOTO: Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) - Shares in MicroStrategy were down 13% on Tuesday as bitcoin fell after the company announced it had completed a $603.75 million convertible debt offering - its second in a week - to raise money to buy bitcoin.
The deal, used by the company to raise money to buy bitcoin, follows an $800 million convertible offer that it announced it had completed just a week before.
