MicroStrategy Raises Recent Convertible Notes Offer to $2.6 Billion to Buy More Bitcoin

U.Today - Bloomberg Terminal, on the X social media network, has reported that the MicroStrategy giant founded and spearheaded by Bitcoin evangelist Michael Saylor has just announced another step for increasing its BTC holdings.

According to the X post, the company has increased its initial recently announced $1.75 billion notes offer to $2.8 billion. The proceeds will be used to purchase an additional Bitcoin batch.

The initial offer was announced on Nov. 18, when the company offered to sell to investors convertible senior notes due 2029.

As reported by U.Today earlier this week, the company bought an astounding $4.6 billion worth of Bitcoin in just one week, which equals 51,780 BTC. Now, MicroStrategy holds a total of 331,200 BTC. This is an approximate equivalent to $29.7 billion at the current BTC market price.

On Tuesday, Bitcoin soared to a new historic peak of $94,000 per coin.

Source: Investing.com