Software company Microstrategy has revealed plans to acquire additional Bitcoin after completing a senior convertible bond offering for over $1 billion.

This move is part of the company's ongoing strategy to use proceeds from debt and equity financing to accumulate BTC as a treasury reserve asset.

MicroStrategy has accumulated 244,800 BTC 🐳 equivalent to over $15.4 billion, at an average price of $38,585 per BTC.