Following last week’s issuance of convertible bonds, which raised $800 million to purchase Bitcoin, MicroStrategy plans to sell an additional $500 million in debt to acquire more Bitcoin. These debts will be sold in the form of senior notes, with a maturity date of March 15, 2031, allowing buyers to convert some or all of the notes into cash or equity. In a statement on Wednesday, the company stated that investors would receive interest twice a year, and the net proceeds from the sale of the convertible bonds would be used to purchase additional Bitcoin and for general corporate purposes.
