MicroStrategy Doubles Down on Bitcoin, Upsizes $2.6B Convertible Note To Fuel Its Crypto Empire as BTC Soars Past $96K

Micro Strategy has boosted the size of its convertible note offering to $2.6 billion, significantly higher than the initial $1.75 billion announced just days ago. This move will allow the company to continue its Bitcoin-buying spree, with the funds being directed toward increasing its Bitcoin holdings. The offering, which will close on Nov. 21, is aimed at institutional investors and comes with zero interest and a 2029 maturity date.