MicroStrategy Plans to Offer $400 Million of Senior Secured Notes

MicroStrategy recently made public plans to offer $400 million worth of senior secured notes to purchase additional bitcoins. The company, founded in 1989, would be acquiring its third security debt offering with over $2 billion worth of Bitcoin invested through credit raised from the sale of convertible security tokens and direct cash purchases. The fortune 500 company intends to offer senior secured notes due 2028. However, it will depend on market conditions like volatility, among others. The company has no…