"MicroStrategy's Michael Saylor Raises $500M for Bitcoin Buying Spree"

MicroStrategy, now positioning itself as a Bitcoin Development Company, is raising another $500 million through a convertible debt offering to purchase more bitcoin. This comes after the recent acquisition of 12,000 bitcoins for $821.7 million, bringing their total stack to 205,000 bitcoins worth nearly $15 billion. With the current value of bitcoin at around $73,000, the company could potentially acquire around 6,800 additional tokens with the proceeds from this offering.