MicroStrategy intends to raise $1.75 billion through zero-coupon senior convertible notes for additional Bitcoin purchases and business initiatives. These notes, which target institutional investors and mature in 2029, can be converted into cash, company stock, or a combination. Initial investors have the option to purchase an extra $250 million in notes within three days of issuance.
This move could allow MicroStrategy to acquire over 19,000 BTC, pushing its Bitcoin ownership closer to 2% of the asset’s fixed supply. Currently, the company owns 331,200 BTC, representing 1.58% of Bitcoin’s total supply.