MicroStrategy ups debt offering to $700 million to buy more Bitcoin
MicroStrategy’s MSTR shares surged by about 3% in pre-market trading following the company’s announcement to increase its convertible debt offering to $700 million, up from the initially planned $600 million. According to data from Yahoo Finance, the stock has soared by nearly 80% since January, reaching approximately $1250. This ascent closely tracks Bitcoin’s upward trajectory, coinciding with the introduction of several exchange-traded funds (ETFs) in the US.
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