"MicroStrategy's Second Note Sale Funds Bitcoin Acquisition"

MicroStrategy Inc. is selling $500 million in convertible notes to buy more Bitcoin, marking its second note sale in less than two weeks. The company, which has already spent over $1 billion on Bitcoin this year, plans to offer initial purchasers an option to buy up to an additional $75 million. The move comes as Bitcoin has surged to record highs, with MicroStrategy holding more than $14 billion worth of the cryptocurrency. This follows a similar move by Coinbase Global Inc., which announced plans to offer $1 billion in convertible senior notes.