MicroStrategy Plans to Raise $500 Million to Buy More Bitcoin

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

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

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

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

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