MicroStrategy gets $1.6 billion in orders in junk bond offering

Cointelegraph

Published Jun 09, 2021 08:18AM ET

Updated Jun 09, 2021 10:00AM ET

Software firm MicroStrategy saw $1.6 billion worth of orders in a recent junk bond offering — four times the initially sought amount.

Earlier this week, the company announced it would issue $400 million worth of junk bonds in a private offering, with a view to using the proceeds to purchase Bitcoin (BTC).

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