Michael Saylor’s MicroStrategy (MSTR) Plans Another $700M Convertible Note Issuance to Redeem Debt, Boost Bitcoin (BTC) Stash

The company, led by Executive Chairman Michael Saylor, started purchasing bitcoin in 2020, adopting it as a reserve asset for its treasury. Since then, it has become the largest corporate buyer of bitcoin, accumulating 244,800 BTC, worth roughly $14.2 billion at current prices. Only days ago, MicroStrategy disclosed the purchase of an additional $1.1 billion worth of bitcoin, leaving it with $900 million available under a previous offering.