MicroStrategy, recognized as the largest corporate holder of Bitcoin, plans to raise $1.75 billion through senior convertible notes with a 0% interest rate. The firm stated its intention to utilize the net proceeds from this offering to acquire additional Bitcoin and for general corporate purposes. These convertible notes are sold at a discount and will mature to face value if not converted by the 2029 maturity date. This financing could allow MicroStrategy to purchase approximately 19,065 Bitcoin at current market prices. The company currently holds 331,200 Bitcoin, valued over $30.3 billion, and has seen a 133% increase on its average purchase price of $39,292 per Bitcoin. MicroStrategy's shares reached a new closing high but experienced a slight drop in after-hours trading. Bitcoin's current price is $91,653, just below its all-time high of $93,477. This move aligns with MicroStrategy's broader strategy to accumulate Bitcoin under its '21/21' plan, which aims for $21 billion in equity and fixed-income securities investment.

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