**MicroStrategy Raises $1.01 Billion for Bitcoin Acquisition**

MicroStrategy, led by Michael Saylor, has raised $1.01 billion through a convertible note offering to purchase additional Bitcoin (BTC). This move increases the company's total Bitcoin holdings to 252,220 BTC, valued at approximately $15.8 billion. The funds were raised from an upsized offering, initially targeted at $700 million, and used to buy 7,420 BTC at an average price of $61,750 per BTC.

Michael Saylor has been a key proponent of this strategy since 2020, positioning Bitcoin as a superior investment compared to traditional assets. The use of convertible notes allows MicroStrategy to quickly raise capital while offering investors the option to convert their debt into shares, benefiting both the company and its investors.

This strategy reflects a broader trend among traditional companies, such as Marathon Digital and Metaplanet, which are increasingly viewing Bitcoin as a valuable asset. By integrating BTC into their investment strategies, these companies signal a growing confidence in the long-term value of cryptocurrency.

MicroStrategy's bold approach underscores the evolving role of Bitcoin in corporate finance, highlighting its potential beyond speculative investment.