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Software intelligence firm MicroStrategy has announced that it will offer $400 million in senior secured notes to buy more bitcoin and that the more than 90,000 BTC it has bought to date will now be held by a subsidiary called MacroStrategy.

“MicroStrategy … today announced that it intends to offer, subject to market conditions and other factors, $400 million aggregate principal amount of senior secured notes due 2028 … in a private offering to qualified institutional buyers,” according to an announcement published by the company. “MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoins.”

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