MicroStrategy Plans $500 Million Debt Offering to Expand Bitcoin Holdings

The business intelligence firm aims to deepen its cryptocurrency investment with a new convertible notes issuance.

MicroStrategy will issue $500 million in convertible senior notes due 2032 to finance more Bitcoin purchases.
The company currently holds 214,400 BTC, valued at approximately $14 billion.
The notes will be available to qualified institutional buyers, bearing interest semiannually starting December 2024.
MicroStrategy's stock has surged over 134% this year, closely following Bitcoin's price trends.
Founder Michael Saylor continues to advocate for Bitcoin, positioning the firm as the largest corporate holder of the cryptocurrency.