MicroStrategy has successfully raised 3 billion USD through the issuance of convertible bonds, according to an announcement from Michael Saylor. These bonds have a 0% interest rate and a conversion price that is 55% higher than the average stock price, approximately 672 USD/share. 📈

The funds raised will be used to purchase more Bitcoin and for general corporate purposes. This is part of the "21/21" plan to strengthen the company's Bitcoin reserves. MicroStrategy is currently the largest publicly traded company holding Bitcoin, with 331,200 BTC. 💼

However, after the announcement, MSTR shares fell sharply by 16%, from over 530 USD to below 400 USD.