MicroStrategy, led by Michael Saylor, plans to raise funds through a private offering of $803 Convertible Senior Notes in order to acquire additional Bitcoin. MicroStrategy plans to use the money raised from selling the notes to purchase more bitcoin and for other company expenses, as stated in a press release. This is the company’s second announcement about raising funds to purchase more Bitcoin in this manner. According to a statement from MicroStrategy, the notes will be unsecured, senior obligations of the company. Interest will be paid every six months on March 15 and September 15, starting on September 15, 2024. Saylor has been at the forefront of MicroStrategy’s significant investments in Bitcoin in recent years. Currently, they are once more seeking to purchase additional items with the assistance of their customers. Along with the senior notes, MicroStrategy plans to offer the initial buyers of the notes the opportunity to buy an extra $75 million in notes within 13 days of the initial issuance. Source: Decrypt. MicroStrategy plans to take advantage of the growing success of Bitcoin in order to maximize their profits from the cryptocurrency. Over the last two weeks, the cryptocurrency has achieved its highest value ever and has maintained a steady increase above $70,000.