đ **MicroStrategy Ups Convertible Note Offering to $875M for Bitcoin & Debt Redemption!** đ
- **Big Move:** MicroStrategy, a major Bitcoin holder, increased its convertible note offering to $875M, up from $700M.
- **Purpose:** Proceeds will redeem $500M in existing debt and buy more Bitcoin.
- **Details:** Notes carry a 0.625% interest rate, maturing in 2028, and can convert into cash or shares.
- **Recent Acquisition:** Last week, MicroStrategy bought 18,300 BTC for $1.11B, totaling 244,800 BTC in reserves.
đŹ What are your thoughts on MicroStrategy's bold strategy? Comment below! đŹ