According to the latest development, MicroStrategy is planning a $2 billion offering of 0% convertible senior notes due 2030.
The development was followed by a recovery of around 1% in Bitcoin prices, although the asset’s price is still hovering just below $95,000.
The offering includes the underwriter's option to purchase up to $300 million in additional notes, according to a press release.
The company, led by Chief Executive Officer Michael Saylor, is ramping up its aggressive accumulation strategy by planning to use most of the proceeds to buy more Bitcoin. The strategy currently holds 478,740 BTC, worth over $45 billion at current prices.
*This is not investment advice.
