Michael Saylor’s Strategy plans to raise $2 billion through 0% senior convertible notes to acquire more Bitcoin, enhancing its total Bitcoin holdings, which currently stand at 478,740. The offering allows first-note buyers to purchase an additional $300 million worth of notes. The firm intends to use the net proceeds to acquire Bitcoin and for working capital purposes. These convertible notes, which can be converted to equity in the future, are prioritized over common stock in bankruptcy scenarios. This initiative is part of Strategy’s broader 21/21 Plan aimed at raising $42 billion in capital over three years to fund Bitcoin acquisitions. Since the plan was announced, Strategy has already purchased nearly 200,000 Bitcoin. The proposed notes are set to mature on March 1, 2030, contingent on market conditions. Despite the announcement, Strategy shares saw minimal movement, closing down slightly on Feb. 18 yet showing a substantial 372% increase in the past year.

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