MicroStrategy Successfully Raises 3 Billion USD to Continue Buying Bitcoin

MicroStrategy has just completed a 3 billion USD convertible bond issuance with a 0% interest rate, with plans to primarily use this money to continue purchasing Bitcoin. This is part of a larger plan by the company, named "Plan 21/21", in which they aim to raise a total of 42 billion USD over the next three years to increase their Bitcoin holdings. Notably, after raising an initial 1.75 billion USD on November 18, they increased the raise to 2.6 billion USD on November 20, and most recently to 3 billion USD.

Currently, MicroStrategy holds 331,200 Bitcoin, with an estimated total value of over 32 billion USD. The convertible bond issuance enables them to potentially add about 30,600 Bitcoin to their investment portfolio, based on current market conditions.