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 MicroStrategy announces third debt offering of 2024, plans to raise $700M
The proceeds will be used to pay off $500 million in existing debt and to purchase more Bitcoin. MicroStrategy currently holds 244,800 BTC. 
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 The proceeds from this debt offering will primarily be used to pay off $500 million in existing debt and to acquire additional Bitcoin. Currently, MicroStrategy holds 244,800 BTC, and this new funding is part of its broader strategy to increase its cryptocurrency investments 
 Wild 
 Refinancing Existing Debt: A substantial portion of the proceeds, approximately $500 million, will be allocated to pay off existing debt obligations. This move is part of MicroStrategy's strategy to manage its financial commitments more effectively. 
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