**MicroStrategy Announces $700M Debt Offering to Buy More Bitcoin**

MicroStrategy (Nasdaq: MSTR) is at it again! The tech company has announced its third debt offering of 2024, aiming to raise $700 million through convertible senior notes due in 2028. The funds will be used to pay off $500 million in existing debt and buy more Bitcoin, with any leftover cash going towards general corporate needs.

- The notes will be unsecured and start paying interest in March 2025.

- Only qualified institutional buyers can participate.

- This follows previous debt raises of $700 million in March and $500 million in June.

MicroStrategy, one of the largest public holders of Bitcoin, currently has 244,800 BTC worth around $14 billion. Despite a net loss of $102.6 million in Q2 2024, largely due to Bitcoin's volatility, the company's stock has surged nearly 295% over the past year, hitting $134 as of Sept. 16.