Strategy, formerly known as MicroStrategy, plans to privately offer $2.0 billion in 0% convertible senior notes to expand Bitcoin holdings, strengthen growth, and enhance market influence.
The funds from the private offering will be used for general corporate expenses, acquiring more Bitcoin, supporting working capital requirements, and business functioning.
With a current Bitcoin supply of 478,740 BTC, Strategy holds 2.2% of the total cryptocurrency assets and aims to use Bitcoin as a hedge against volatility and financial challenges.
Strategy's $2 billion fundraising agenda reflects their commitment to expanding the value of Bitcoin assets and influencing the development of the digital asset industry.