MicroStrategy (MSTR) aims to raise $500 million in a convertible debt offering to bolster its Bitcoin holdings, following a recent $800 million raise. The company, now a Bitcoin Development Company, plans to leverage proceeds to purchase more BTC, adding to its 205,000 Bitcoin stack valued near $15 billion. MSTR’s shares surged 10.85%, closing at an all-time high of $1,766.
Michael Saylor’s MicroStrategy Raising Another $500M to Buy More Bitcoin
