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MicroStrategy increases bitcoin-linked junk bond sale to $500 mln

MicroStrategy Inc , a major bitcoin corporate backer, has increased the size of a junk-bond sale to help buy more bitcoin , now targeting $500 million, Bloomberg News reported on Tuesday. The company, which initially had planned to issue $400 million of the debt, is offering a yield of between 6.125% to 6.25% on the secured offering, the said, citing a person familiar with the matter.

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