MicroStrategy’s $700M Convertible Debt Offering Drives Bitcoin Hoarding

MicroStrategy Plans $700M Convertible Debt Offering to Increase Bitcoin Holdings

MicroStrategy, led by CEO Michael Saylor, has announced its intention to expand its Bitcoin holdings through a $700 million convertible debt offering. The net proceeds from this offering will be used to acquire more Bitcoin and for general corporate purposes. With its current holdings of nearly 193,000 BTC, MicroStrategy already stands as the largest corporate holder of Bitcoin globally.