Strategy Company, also known as MicroStrategy in the past, the world’s largest corporate Bitcoin holder, intends to collect $2 billion for further Bitcoin purchases by issuing convertible debt securities. These securities will be offered to institutional investors in a private transaction, with an additional $300 million option for initial buyers. The securities, maturing on March 1, 2030, can be converted into cash, shares, or a combination of both at the discretion of the strategy. This move aligns with the broader 21/21 company program aiming to add $42 billion worth of Bitcoin to the balance sheet by 2027. Strategy has heavily relied on debt issuance to finance its Bitcoin purchases. According to the latest income report, the company has secured over $21 billion of its $42 billion target since launching the 21/21 program in late 2023.
