MicroStrategy (MSTR) has announced its third debt offering in 2024, raising $700 million through convertible notes due in 2028. 💸

- ​​The proceeds will be used to pay down $500 million of existing debt and purchase additional Bitcoin (BTC). The remainder will be used for general corporate purposes.

- The notes are unsecured and will start paying interest in March 2025, and are only available to qualified institutional investors.

MicroStrategy raised $700 million in March and $500 million in June of this year. It currently holds 244,800 BTC, worth about $14 billion. 📈

Despite a net loss of $102.6 million in Q2 2024 due to BTC volatility, MSTR stock is up nearly 295% over the past 12 months, reaching $134 on September 16. 📊

What do you think about this MicroStrategy strategy? Comment now! 👇