MicroStrategy announced increasing the size of its convertible bond offering from $700 million to $875 million. The funds, primarily $500 million, will be allocated towards repaying existing debt. The remaining balance will be invested in acquiring more Bitcoin and general corporate functions. These unsecured senior notes of MicroStrategy will pay interest semi-annually, commencing March 15, 2025. Maturing on March 15, 2028, they carry a coupon of 0.625%.