🚀 **MicroStrategy Plans $700M Convertible Notes Offering!**

MicroStrategy, the Nasdaq-listed bitcoin development firm, announced plans to issue $700 million in convertible senior notes due 2028. Here's the scoop:

- **$500M** will be used to redeem previous notes with a 6.125% annual yield.

- The rest could go towards buying more bitcoin and general corporate uses.

- An option for initial purchasers to buy an extra $105M in notes within 13 days is also on the table.

- MicroStrategy, led by Michael Saylor, has been a major bitcoin buyer since 2020, amassing 244,800 BTC.

What do you think about companies issuing debt to buy bitcoin? Share your thoughts in the comments! 💬