MicroStrategy plans to issue $500M in convertible bonds to buy more Bitcoin. Co-founder Michael Saylor acknowledged the company's strategy of acquiring Bitcoin, having previously similarly raised cash.

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With approximately 214,000 BTC worth $14.5B, the business is a big Bitcoin holding trying to extend its digital asset treasury. Qualified institutions can buy the issued senior convertible notes, which mature in 2032. The offering is subject to market conditions, and MicroStrategy may sell extra notes within 13 days of issuance.

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These unsecured senior obligations will earn interest semi-annually, with proceeds set aside for Bitcoin acquisitions and corporate purposes. This decision is consistent with the firm's commitment to Bitcoin, following its $800 million financing and 12,000 BTC purchase in March.

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Shares of MicroStrategy (MSTR) have increased by 134% this year — even outperforming Bitcoin's 60% rise in 2024.

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