Saylor’s Strategy to Raise Another $2 Billion for Bitcoin
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Michael Saylor’s Strategy plans to offer $2 billion of convertible debt in a private offering, extending the self-styled Bitcoin treasury company’s unconventional fundraising strategy.
The firm, which until recently was called MicroStrategy Inc., intends to sell the senior notes due 2030 with a 0% coupon, according to a statement on Tuesday. The offering’s proceeds will be used for purposes including acquiring more Bitcoin.