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Did MicroStrategy’s $400 Million Convertible Note Idea Backfire ?

Microstrategy, the business intelligence firm has been betting big on bitcoin ever since it made its first purchase of $250 million in August this year. Most recently the firm announced its plans of issuing $400 million worth of debt securities to buy more bitcoin. The software giant looks at bitcoin as a hedging asset which

Microstrategy, the business intelligence firm has been betting big on bitcoin ever since it made its first purchase of $250 million in August this year. Most recently the firm announced its plans of issuing $400 million worth of debt securities to buy more bitcoin. The software giant looks at bitcoin as a hedging asset which