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Bitcoin $89,143.32 -3.29%
Ethereum $3,019.76 -3.32%
BNB $880.93 -1.96%
Optimism $0.30 -6.45%
Arbitrum $0.20 -6.27%
Solana $132.42 -4.58%
Polygon $0.22 +2.77%
Cosmos $2.17 -5.77%
Avalanche $13.30 -7.70%

MicroStrategy to turn to fixed-income securities to raise funds for Bitcoin purchases

Michael Saylor, co-founder and chairman of MicroStrategy, stated that once the current Bitcoin leverage agent plan runs out of funds, the company will shift its focus to fixed income securities to raise funds to purchase cryptocurrencies. He stated that the company uses regulated exchanges such as Coinbase to purchase Bitcoin. MicroStrategy's stock price has risen by about 500% this year, far exceeding Bitcoin's rise of about 150%.

Hedge funds have been looking for fixed income securities to implement convertible arbitrage strategies - buying bonds and shorting stocks, essentially betting on the volatility of the underlying stock. This demand has driven MicroStrategy to issue $6.2 billion worth of convertible bonds this year.

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MicroStrategy to turn to fixed-income securities to raise funds for Bitcoin purchases

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Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.

Bank of America: Markets will soon digest expectations of a Fed rate cut in January.

He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.

Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)

White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates

The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.

Social media platform "X" has been fined €120 million by the European Union for violating content regulations.

Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink

Balancer DAO Starts Discussing $8M Recovery Plan After $110M Exploit Cut TVL by Two-Thirds

US investors consider crypto less as risk-taking drops: FINRA study

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