MicroStrategy (MSTR), which positions itself as a Bitcoin development company, filed an application Wednesday afternoon to raise $500 million in convertible debt, CoinDesk reported. According to a press release, the company plans to use the funds raised to purchase more Multi Bitcoin (BTC). Just a few days ago, the company just completed an $800 million convertible debt financing (originally planned to be $600 million) and used the funds and some cash in the bank to purchase 12,000 Bitcoins worth $821.7 million. currency. Following this purchase, the total number of Bitcoins held by MicroStrategy reached 205,000, with a current market capitalization of nearly $15 billion. Assuming Bitcoin prices remain at the current level of $73,000, the company will be able to use proceeds from this offering to purchase approximately 6,800 additional coins.