The $3 billion offering of 0% convertible senior notes is part of MicroStrategy’s plans to raise $42 billion over the next three years — primarily to buy more Bitcoin.
The firm only just completed a $800 million raise earlier this week which was used to scoop up another 12,000 Bitcoin.
Coinbase’s offering will better position the firm to pay off three existing debts due in 2026, 2028 and 2031.