MicroStrategy upsizes convertible bond offering to $875M

MicroStrategy, the largest single corporate holder of Bitcoin outside of spot ETFs, announced on its official website the pricing of its $875 million convertible senior notes due 2028, upsized from the initial $700 million offering. The company plans to use $500 million to repay existing debt, with the remainder allocated for purchasing more Bitcoin and general corporate purposes. The bonds will bear a 0.625% annual interest, maturing in 202