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Software intelligence firm MicroStrategy has reportedly raised its latest note offering from $400 million to $500 million, bearing an interest rate of 6.125%, which will fund more bitcoin purchases by the company, according to a recent report by Yahoo Finance.

MicroStrategy released an announcement on the pricing update.

The company received a large number of orders totaling $1.6 billion from hedge funds, according to Yahoo Finance, prompting the company to increase the note sale from $400 to $500 million. The significant amount of interest for MicroStrategy’s recent junk bond sale comes as the price of bitcoin has decreased by more than 40% over the last month.

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