MicroStrategy, founded by Michael Saylor, has declared its intention to sell $1.75 billion in convertible notes. This was announced late on November 18. According to their press release, the primary purpose of this financial move is to further expand its Bitcoin stockpile, which has been a significant part of the company's strategy.
The initiative highlights MicroStrategy's commitment to increasing its Bitcoin holdings, utilizing profits from the sale of these convertible notes. This move aligns with the company's strategy under Michael Saylor's leadership to invest heavily in the cryptocurrency market.
