MicroStrategy has increased its planned stock sale to $700 million to acquire more Bitcoin. CEO Michael Saylor is doubling down on Bitcoin accumulation amid market turbulence.
By utilizing debt to fund its Bitcoin buying, MicroStrategy aims to benefit from Bitcoin's long-term appreciation, showing confidence in the cryptocurrency as a treasury asset.
Selling convertible senior notes gives MicroStrategy flexibility, allowing potential upside through stock conversion while shielding note holders from downside risks due to their senior unsecured status.
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