MicroStrategy said Monday evening that it plans to raise $1.

MicroStrategy said Monday evening that it plans to raise $1.75 billion through convertible notes to buy more of the world’s largest crypto and for “general corporate purposes.” 
The zero-interest senior notes will mature in 2029 and be offered to qualified institutional buyers. If everything goes according to plan, the company could get its hands on up to 19,000 additional Bitcoin.
The business intelligence and software company has wasted no time putting its recent purchases to work.
Data from MSTR Tracker shows that the company now owns 1.58% of the total maximum supply of 21 million BTC with an average cost of $49,874 per coin.
The notes won't pay regular interest and can be converted into cash, MicroStrategy stock, or a mix of both. 
The company may also give initial buyers an option for an extra $250 million in notes within three days, it said.

MicroStrategy said Monday evening that it plans to raise $1.75 billion through convertible notes to buy more of the world’s largest crypto and for “general corporate purposes.”

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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}MicroStrategy said Monday evening that it plans to raise $1.75 billion through convertible notes to buy more of the world’s largest crypto and for “general corporate purposes.”

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MicroStrategy said Monday evening that it plans to raise $1.75 billion through convertible notes to buy more of the world’s largest crypto and for “general corporate purposes.”