MicroStrategy Set to Raise $1.75 Billion at 0% Interest Rate to Buy Bitcoin

MicroStrategy, the largest corporate holder of Bitcoin, plans to raise $1.75 billion through senior convertible notes with a 0% interest rate to purchase more BTC. The company stated on Nov. 18 that it “intends to use the net proceeds from this offering to acquire additional Bitcoin and for general corporate purposes.” These 0% senior convertible notes will not pay regular interest to bondholders. Instead, they are sold at a discount and mature to face value if not converted by the 2029 maturity date. Being “senior,” these notes have priority over common stock in cases of bankruptcy or liquidation. If MicroStrategy

Source: CryptoIntelligence