MicroStrategy announced plans to sell $500 million in convertible bonds to finance additional Bitcoin purchases. Currently holding 214,400 BTC worth approximately $14.52 billion, the company owns over 1% of Bitcoin’s circulating supply.
The bonds, maturing in 2032, are aimed at qualified institutional buyers with an option to increase the sale by $75 million within 13 days. The notes will accrue interest semiannually and can be converted into MicroStrategy stock or cash under certain conditions.
This move underscores MicroStrategy’s strategic focus on Bitcoin, positioning it as a significant asset in its portfolio. The company, led by founder and chairman Michael Saylor, continues to be a prominent advocate for integrating cryptocurrency into corporate treasury strategies.
