MicroStrategy will issue $2.60 billion in convertible senior notes, the proceeds of which will be used to purchase Bitcoin.

According to BlockBeats, on November 20, MicroStrategy announced that it will issue convertible senior notes worth $2.60 billion and use the proceeds to purchase Bitcoin. This issuance is larger than the previously announced total principal amount of $1.75 billion in notes, with the issuance expected to conclude on November 21, 2024.