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    Chandan Gupta is a crypto analyst and news writer at CoinPedia. He specializes in market analysis using on-chain metrics and industry insights to forecast market trends. With over four years of trading experience, Chandan simplifies complex concepts in technical and on-chain analysis, making them easy to understand. At CoinPedia, he leverages his expertise to identify and present emerging opportunities in the cryptocurrency space

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    MicroStrategy to Raise $1.75 Billion to Expand Bitcoin Holdings

    Following a significant $4.6 billion Bitcoin (BTC) purchase, MicroStrategyโ€™s (MSTR) founder and chairman, Michael Saylor, announced that the firm plans to acquire more Bitcoin by offering convertible notes. According to a recent post on X (formerly Twitter), MSTR revealed plans to raise $1.75 billion through the issuance of convertible senior notes, primarily to acquire additional Bitcoin and support general operations.

    Zero-Coupon Notes

    These senior notes will be offered as zero-coupon convertibles, meaning they wonโ€™t carry an annual interest rate. Instead, they will mature into MicroStrategy stock by 2029, offered at a discounted price.

    While specific terms regarding asset maturation and MicroStrategyโ€™s rights to redeem the notes for cash remain undisclosed, the move highlights the companyโ€™s uncompromising commitment to its Bitcoin-first strategy. MSTR further noted, โ€œWe intend to use the net proceeds from this offering to acquire additional Bitcoin and for general corporate purposes.โ€

    Looking at MicroStrategy’s Bitcoin buying strategy, it seems that pro-crypto Donald Trumpโ€™s recent victory has turbocharged its approach.

    MicroStrategyโ€™s Recent Acquisitions

    This fundraising initiative follows a burst of Bitcoin acquisitions by MicroStrategy. On the same day as the announcement, the company reported a $4.6 billion Bitcoin purchase. Just a week prior, it had invested over $2 billion in additional BTC. These aggressive buying sprees have solidified MicroStrategyโ€™s position as the worldโ€™s largest corporate Bitcoin holder.

    Michael Saylorโ€™s Webinar

    Additionally, Michael Saylor announced a webinar scheduled for Tuesday, November 19, to provide further insights into the offering. Open to investors and stakeholders, the session will address unanswered questions, including specific terms of the private offering and strategic plans moving forward.

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