Attention crypto enthusiasts! đ
MicroStrategy (Nasdaq: MSTR) announced its third debt offering of 2024, seeking to raise $700M via senior convertible notes by 2028.
- **Goal**: Pay down $500M in existing debt and buy more Bitcoin (BTC).
- **Interest**: Begins March 2025.
- **Buyers**: Qualified institutional buyers only.
MicroStrategy already owns 244,800 BTC, valued at $14B. Despite a net loss of $102.6M in Q2 2024, its stock is up 295% in 12 months. What do you think about this strategy? Comment below!
