**MicroStrategy's Billion-Dollar Bitcoin Bet! đ°**
- MicroStrategy just wrapped up a $1.01 billion convertible senior notes offering with a 0.625% annual interest rate, due 2028.
- The company plans to use a chunk of this cash to buy more Bitcoin. Talk about putting your money where your crypto is!
- Part of the funds will also go towards redeeming $500 million in Senior Secured Notes, freeing up 69,080 BTC as collateral.
- The notes can convert into cash or MicroStrategy stock, with a conversion rate set at 5.4589 shares per $1,000 principal amount.
- Stay tuned for more updates as this story unfolds!
