Get 125% / $2,500 on 1st deposit!
New players only. Exclusive Welcome Bonus of up to $2,500
MicroStrategy has unveiled plans to raise $1.75 billion through a private offering of convertible senior notes, intensifying its commitment to Bitcoin acquisitions. On November 18, the company also revealed a massive Bitcoin purchase worth $4.6 billion, further solidifying its position as a major institutional investor in cryptocurrency.
According to MicroStrategy’s announcement, the funding will be raised via notes maturing on December 1, 2029, targeting institutional investors in the U.S. under Rule 144A and select international buyers under Regulation S. While the primary goal is to acquire more Bitcoin, the funds will also support broader corporate initiatives.
The offering includes an option for purchasers to acquire an additional $250 million in notes. These notes can be converted into MicroStrategy’s Class A common stock, cash, or a mix of both. The company will discuss the proposal in a webinar scheduled for November 19.
On the same day, MicroStrategy announced the acquisition of 51,780 Bitcoin for $4.6 billion, as shared by Executive Chairman Michael Saylor on X (formerly Twitter). The purchase was made at an average price of $88,627 per Bitcoin, significantly boosting the company’s total Bitcoin holdings to 331,200 coins. This equates to 1.57% of Bitcoin’s total supply.
This acquisition doubled the company’s previous purchase volume and brought its total Bitcoin investment to $16.5 billion. MicroStrategy’s average acquisition price for Bitcoin now stands at $49,847—47% below Bitcoin’s all-time high of $93,477. Despite the gap, the company holds an unrealized profit of up to $13 billion.