MicroStrategy Boosts Bitcoin-Linked Junk Bond to $500 Million - Bloomberg

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They originally were going to raise $400 million, but took $500 million. Even more they β€œreceived about $1.6 billion in orders for the offering”. There is a strong appetite for institutional investors to gain access to crypto. In the meantime, structures like this are offering a bridge, but with significant costs and inefficiencies to the investors.

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