MicroStrategy, the tech giant known for its substantial Bitcoin investments, has announced its plans to offer $600 million in convertible senior notes due 2030, according to a press release published today. The primary objective of this strategic move is to acquire more Bitcoin (BTC) and to support business needs.

“MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoin and for general corporate purposes,” the press release wrote.

Convertible senior notes, also known as ‘convertibles,’ are financial securities that function as a loan or investment in an underlying asset, in this case, Bitcoin. Holders of these notes have the option to convert them into common shares of the company.

MicroStrategy’s private offering targets qualified institutional buyers, leveraging Rule 144A under the Securities Act of 1933. The company also expects to provide an op

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Author: Vivian Nguyen

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