MicroStrategy, the leading corporate Bitcoin holder, is gearing up to raise $1.75 billion through 0% interest senior convertible notes to buy more Bitcoin. The company plans to use the funds for acquiring additional Bitcoin and general corporate purposes. These notes, maturing in 2029, offer no regular interest but are prioritized over common stock in bankruptcy scenarios. If fully invested, MicroStrategy could add 19,065 Bitcoin to its current stash of 331,200 BTC, valued at over $30.3 billion. Meanwhile, MicroStrategy shares hit a new high but dipped slightly in after-hours trading.
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