MicroStrategy, the leading corporate holder of Bitcoin, has announced an increase in its upcoming note sale to $2.6 billion aimed at purchasing more Bitcoin. This upsized sale, which was originally set at $1.75 billion, will be conducted through senior convertible notes with a 0% interest rate. The offering is focused on attracting qualified institutional buyers and is expected to close on November 21, 2024, pending customary closing conditions. The move reflects the company's bullish outlook on Bitcoin's price, with expectations that it could surpass the $100,000 threshold for the first time ever. As of the announcement, Bitcoin was trading above $93,970, marking an increase of over 37% in the last month. MicroStrategy's aggressive strategy in acquiring further Bitcoin solidifies its position in the cryptocurrency market, as well as its confidence in the digital asset's future price performance.

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