According to COINOTAG News, on November 19, MicroStrategy announced its intent to conduct a private offering of $1.75 billion in 0% convertible senior notes maturing in 2029. These financial instruments, which are unsecured and carry no interest, provide the option for conversion into cash or equity. The capital raised will be strategically allocated for the acquisition of Bitcoin and other corporate purposes. This move underscores MicroStrategy’s continued commitment to integrating cryptocurrency into its balance sheet, reflecting a broader trend among institutional investors seeking exposure to digital assets.
Source: https://en.coinotag.com/breakingnews/microstrategys-1-75-billion-move-to-boost-bitcoin-holdings-with-convertible-notes/