MicroStrategy, the listed company that holds the largest number of Bitcoins in the world, announced that it will issue US$600 million in convertible bonds and use the net proceeds to purchase Bitcoin and company operations.

MicroStrategy’s move is part of its continued bet on Bitcoin’s future price rise. The company has raised funds to buy Bitcoin in a variety of ways over the past few years, including issuing stocks, convertible bonds, junk bonds, and mortgage loans.

As of now, MicroStrategy holds a total of 193,000 Bitcoins at an average cost of $31,544, for a total cost of approximately $6.09 billion. Based on the current Bitcoin price of $68,042, the company’s currency holdings have reached a value of $13.1 billion, with a floating profit of more than $7 billion.

Michael Saylor, founder and chairman of MicroStrategy, said that the company will continue to adhere to the “not selling a coin” strategy and will buy more Bitcoin at high points. He firmly believes that Bitcoin prices will continue to rise and eventually become the world’s main reserve asset.

MicroStrategy’s strategy has caught the market’s attention. Some investors believe the company’s bet on Bitcoin is too risky and could suffer huge losses in the future. There are also investors who support MicroStrategy’s approach and believe that Bitcoin has huge long-term value.

Here are some key points about MicroStrategy’s convertible debt issuance:
Issue size: US$600 million
Purpose: Purchase Bitcoin and company operations
Expiration date: March 15, 2030
Interest: Paid semi-annually, annual interest rate not yet announced
Conversion provision: Investors have the option to convert the bonds into MicroStrategy stock

Investors need to invest with caution:
The cryptocurrency market carries huge risks, and investors should invest cautiously based on their own circumstances.
Do a good job in risk control, do not blindly follow the trend, conduct in-depth research on the project, and invest rationally.

MicroStrategy’s latest move once again shows that the company is confident in the future of Bitcoin. However, the cryptocurrency market is full of risks, and investors need to invest cautiously and control risks.