MicroStrategy, a leading business intelligence firm and one of the largest corporate holders of Bitcoin, has announced that it has raised its convertible note offering. This move further cements the company’s commitment to the crypto asset as a long-term investment strategy.
MicroStrategy noted that it plans to raise $2.6 billion from senior convertible notes at a 0% interest rate to acquire more BTC. The note sale was increased from the initially announced offering of $1.75 billion in aggregate principal amount of notes.
According to the announcement, the notes will be offered privately, exclusively to individuals reasonably believed to qualify as institutional buyers under Rule 144A of the Securities Act.
MicroStrategy to Raise More Cash
The $2.6 billion note offering is directed at qualified institutional buyers and is anticipated to be finalized on November 21, pending the fulfillment of standard closing requirements.
The increase in the note offering indicates growing institutional confidence in Bitcoin. Investors appear willing to back MicroStrategy’s bold strategy as BTC nears the $100,000 mark.
MicroStrategy’s move comes when bitcoin is experiencing renewed bullish momentum, hovering over $94,100. At the time of publication, the crypto asset is up 2.46% in the last 24 hours.
The business intelligence company also gave the notes’ initial buyers a three-day window to acquire up to an additional $400 million in total principal value.
Starting December 4, 2026, and contingent upon specific conditions, MicroStrategy can repurchase some or all of the notes for cash at a price equivalent to 100% of their principal value, along with any accumulated and unpaid special interest.
If MicroStrategy opts to repurchase only a portion of the outstanding notes, a minimum of $75 million in total principal value must remain unredeemed as the redemption notice is issued.
MicroStrategy Holds $30.3B in BTC
The announcement comes after MicroStrategy plans to raise $1.75 billion from senior convertible notes at a 0% interest rate to acquire additional bitcoin. The company intends to use the net proceeds from the offering to purchase additional BTC and support various general corporate objectives.
MicroStrategy, led by executive chairman Michael Saylor, has solidified its position as a top player in BTC acquisition. The company currently holds 331,200 bitcoins, valued at over $30.3 billion, after acquiring an additional $4.6 billion in BTC on November 18.
