Odaily Planet Daily News According to official news, MicroStrategy plans to sell $2.6 billion worth of convertible senior notes and will use the proceeds to purchase Bitcoin. These notes will be sold through a private placement, exclusively to qualified institutional buyers. MicroStrategy also grants the initial purchasers of the notes the option to purchase up to $400 million in total principal amount of the notes within 3 days from the date of the initial issuance of the notes. The offering is expected to be completed on November 21, 2024, but is subject to customary closing conditions.