MicroStrategy will sell $2.6 billion worth of bonds from a previous $1.75 billion sale, with the proceeds used to buy Bitcoin.

MicroStrategy is offering its bonds exclusively to qualified institutional investors and select international buyers through a private placement. The company surpassed its initial target of $1.75 billion, increasing the total bond amount to $2.6 billion. Additionally, initial buyers are being offered an option to purchase an additional $400 million in bonds.

What Could Happen to MicroStrategy in the Coming Years?

MicroStrategy, which has attracted attention this year for its Bitcoin purchases, currently holds a total of 331,200 Bitcoin. Despite Bitcoin breaking its price record this week, the company plans to continue purchasing. This reflects the company’s long-term confidence in BTC.

New ATH!

After the news, Bitcoin experienced increased volatility, surpassing $94,000 and setting a new all-time high (ATH).