MicroStrategy Inc., already well on its way to transforming from a software company into a Bitcoin repository, just sold junk bonds that give investors a novel way to put money into the cryptocurrency. The question on Wall Street’s mind, though, is why there was so much demand for the debt when there are more straightforward and potentially more lucrative ways to invest if Bitcoin ever makes it “to the moon” -- like just buying Bitcoin itself. Nevertheless, MicroStrategy had an easy time with its offering Tuesday, the first-ever junk deal to fund Bitcoin purchases. It originally planned to sell US$400 million, but ... (full story)