Golden Finance reported that MicroStrategy co-founder and chairman Michael Saylor stated that once the current fundraising plan is exhausted, the company will shift from a leveraged Bitcoin proxy plan to a greater focus on fixed-income securities to raise funds for purchasing cryptocurrency. He mentioned that the company uses regulated exchanges like Coinbase to buy Bitcoin. MicroStrategy's stock price has risen by about 500% this year, far exceeding Bitcoin's approximately 150% increase. Hedge funds have been seeking its fixed-income securities to implement convertible arbitrage strategies—buying bonds and shorting stocks, essentially betting on the volatility of the underlying stock. This demand has driven MicroStrategy to issue $6.2 billion in convertible bonds this year.