MicroStrategy, under the leadership of Michael Saylor, announced its intention to raise $500 million through the sale of convertible senior notes due in 2031. The proceeds from this sale, denoted with the ticker $MSTR, are earmarked for the acquisition of additional Bitcoin and for general corporate purposes. This move comes as MicroStrategy's shares have seen a significant increase, up 180% this year, spurred by previous debt sales for Bitcoin purchases. The offering of these convertible senior notes is proposed to be private.