MicroStrategy, led by Michael Saylor, has been aggressively raising funds through convertible debt offerings to buy more Bitcoin. In the last two weeks alone, they have borrowed a total of $1.3 billion for this purpose. The company announced plans to sell $500 million in debt, following a similar move by Coinbase. The convertible notes issued by MicroStrategy are trading significantly above par, with proceeds solely used to acquire Bitcoin. Despite already owning 205,000 Bitcoins, MicroStrategy continues to seek additional funding for more purchases.