MicroStrategy, a business intelligence and software company, plans to raise $1.75 billion through convertible notes to buy more Bitcoin for “general corporate purposes.” As of now, MicroStrategy has a total of 331,200 BTC, worth over $30 billion at current prices, which represents 1.58% of the total maximum supply of 21 million BTC.
The company will discuss its latest offering in a webinar on Tuesday morning, but only qualified institutional buyers can attend.
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<p>The post MicroStrategy Plans to Raise $1.75 Billion to Buy More Bitcoin and Expand Its Crypto Holdings. first appeared on CoinBuzzFeed.</p>
