MicroStrategy Plans to Raise $500 Million to Buy More Bitcoin

MicroStrategy is seeking to raise $500 million via a convertible senior note offering.

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MicroStrategy intends to use the funds raised from this offering to acquire additional Bitcoin and for general corporate purposes.

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The convertible notes provide flexibility for MicroStrategy to manage its debt while potentially benefiting from equity appreciation.

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MicroStrategy has continued to invest heavily in Bitcoin since 2020, reflecting its strategy of using debt financing to expand its Bitcoin holdings.

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MicroStrategy also announced the redemption of $650 million worth of its 2025 convertible senior notes.

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