Cryptocurrencies
MicroStrategy Boosts Bitcoin-Linked Junk Bond to $500 Million
- Company initially planned to issue $400 million in debut deal
- Yield on secured offering cut to 6.125% amid strong demand
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MicroStrategy Inc. boosted the size of a junk-bond sale to fund the purchase of more Bitcoin, selling $500 million of notes on Tuesday that were the first of their kind in the high-yield market.