Microstrategy wants to raise $600 million to buy more bitcoins

Microstrategy wants to raise $600 million to buy more bitcoins



Software company MicroStrategy announced on Monday that it plans to offer $600 million in convertible senior notes in a private sale to buy more bitcoins and further increase its BTC holdings.

MicroStrategy holds the most bitcoin of any public company, totaling more than $13 billion following Bitcoin's recent price surge. The company's stock jumped 23% on the Nasdaq on Monday as bitcoin neared its highest price since 2021.

This story is breaking and will be updated with more details.

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