MicroStrategy Will Hold a New Private Note Sale to Acquire More BTC

Reading Time: < 1 minute

The founder of MicroStrategy, Michael Saylor, revealed that the company plans to offer $1.75 billion in zero-coupon convertible notes in order to acquire more Bitcoin.

This decision comes after the company made a purchase of over $4.6 billion in BTC.

The surge in the market following Donald Trump’s presidency has greatly benefited MicroStrategy’s Bitcoin-focused approach, resulting in record-high investments in the cryptocurrency.

The recent announcement states that the convertible senior notes will not pay interest and will mature into MicroStrategy stock in 2029, offered at a discounted price.

The company intends to use the raised funds for purchasing more Bitcoin and for general corporate purposes. On the same day as the announcement, the company also made a $4.6 billion BTC purchase. This comes just a week after it invested over $2 billion in Bitcoin.