MicroStrategy plans to raise an additional $690 million to buy bitcoin

MicroStrategy announced Tuesday that it plans to raise an additional $690 million to buy bitcoin.

The raise will be facilitated by senior convertible notes, a type of debt security that can be converted into shares. 

Meanwhile, bitcoin’s price has soared above $50,000 for the first time, pushing the cryptocurrency’s market capitalization closer to $1 trillion

This is a developing story and will be updated…

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