MicroStrategy Seeks $500M to Expand Bitcoin Holdings

Nasdaq-listed MicroStrategy, currently holding 214,400 BTC, plans to raise $500 million via convertible notes. The funds will be used to acquire additional Bitcoin and corporate purposes. The notes will be unsecured senior obligations, with interest payments twice a year. MicroStrategy, the largest public Bitcoin holder, began accumulating BTC in 2020 as a reserve asset. The offering is subject to market conditions and may be completed based on future terms.