Strategy intends to raise an additional $2 billion through 0% senior convertible notes in order to acquire more Bitcoin.
Initial purchasers of these notes will have the option to purchase up to an additional $300 million within five business days of the issuance, Strategy announced in a statement on Feb. 18.
The company plans to use the net proceeds from this offering to increase its holdings in Bitcoin and for working capital.
Convertible senior notes are a type of debt that can be converted into equity in the future.
These notes have been a key tool in Strategy's execution of its 21/21 Plan, which aims to fund $42 billion over the next three years through a combination of equity and fixed-income securities, ultimately to acquire more Bitcoin.