MicroStrategy’s stock experienced a more than 20% increase during Monday’s trading session. written by Katherine Ross Po południu 4 marca 2024 roku, o 4:36. The photo by JHVEPhoto/Shutterstock was altered by Blockworks. MicroStrategy is planning to increase its holdings of bitcoin by taking advantage of a private offering of convertible senior notes worth $600 million. The company announced on Monday that it will use the funds raised from the notes to purchase more bitcoin and for general corporate expenses. The news came as bitcoin approaches its record high of $69,000 and the company’s stock, traded under the symbol MSTR, reaches levels unseen in two decades. The stock ended the day up by 20243% at $1,334 per share. In the last year, MicroStrategy has increased by 461%. After the news was released, the stock dropped by 5% during trading after regular market hours. Bitcoin ETFs currently possess almost 4% of the total bitcoin on the market, and their growth shows no sign of stopping.