MicroStrategy, a NASDAQ-listed business intelligence firm and Bitcoin holder, has announced plans to offer $500 million in convertible senior notes due 2032. The proceeds will be used to purchase more Bitcoin and for other corporate purposes. The company plans to grant initial buyers an option to purchase up to an additional $75 million in principal amount of the notes within 13 days from the issuance date. The notes will mature on June 15, 2032, unless they are repurchased, redeemed, or converted earlier. From June 20, 2029, MicroStrategy can redeem all or part of the notes for cash, provided that at least $75 million in principal amount of notes remains outstanding and not subject to redemption at the notice date. The notes can be converted to cash, MicroStrategy class A common stock, or a combination of both at the company’s discretion.