MicroStrategy issues $700 million in corporate bonds for investment in Bitcoin

MicroStrategy announced a private placement plan for convertible bonds, with a scale of $700 million, which is scheduled to mature in 2030. This issuance has increased from the initial proposal of $600 million, showcasing the company’s proactive stance in Bitcoin investment strategy. This strategic financial action is expected to conclude on March 8, 2024, targeting qualified institutional buyers, emphasizing MicroStrategy’s commitment to acquiring high-risk cryptocurrencies using its assets.