Appetite For More Bitcoin: MicroStrategy Announces $1.75B Offering to Expand Holdings

2 months ago 20

MicroStrategy Wants To Buy An Additional $600 Million Worth Of Bitcoin

Despite already holding the largest corporate Bitcoin reserve in the world, MicroStrategy’s appetite for the leading cryptocurrency continues unabated.

On Monday, the Virginia-based Bitcoin-focused firm unveiled plans to raise $1.75 billion through a private offering of 0% convertible senior notes maturing in 2029. According to a press release, the offering targets qualified institutional investors and select non-U.S. buyers, reaffirming the company’s commitment to expanding its Bitcoin holdings.  

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