MicroStrategy, one of the largest public holders of Bitcoin (BTC), has completed another offering of convertible notes to purchase more BTC. 📈

On June 20, the company officially announced the end of the offering of convertible senior notes from 2.25% until 2032. The total principal amount of notes sold in the offering was $800 million, including $100 million of notes issued under the call option.

Network proceeds from the sale of the notes were approximately $786.0 million, after deducting initial purchaser discounts and commissions and estimated offering expenses paid by MicroStrategy.

MicroStrategy intends to use the net proceeds from the sale of the notes to purchase additional Bitcoin and for general corporate purposes.