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Block plans to issue $1.5 billion in senior bonds for corporate operations and strategic investments.
PANews, August 13 news, according to payment service provider Block, Inc. announcement, the company plans to issue a total of $1.5 billion in senior bonds through a private sale, and the funds raised will be used for corporate operations, including debt repayment, potential acquisitions, and strategic transactions. It is reported that Bitkey and Proto, brands under Block, focus on the Bitcoin sector, providing self-custody wallets and Bitcoin mining products and services, and the company is committed to promoting the development of an open financial system.