MicroStrategy Plans $600M Convertible Note Sale to Boost Bitcoin Holdings

The software company aims to capitalize on its surging stock price and Bitcoin's near all-time high, intending to use the proceeds for additional Bitcoin purchases and general corporate purposes.

MicroStrategy announces a $600 million private offering of convertible senior notes to acquire more Bitcoin.
The company's stock soared over 20% following the announcement, with Bitcoin trading around $67,000.
MicroStrategy currently holds 193,000 Bitcoin, valued at nearly $13 billion.
The convertible notes will be unsecured, senior obligations, maturing in March 2030.
Michael Saylor, co-founder of MicroStrategy, reaffirms his bullish stance on Bitcoin, viewing it as an 'exit strategy'.