"MicroStrategy's Rapid Debt Offerings Fuel Bitcoin Buying Spree"

MicroStrategy, a software firm, has announced its second offering of $500 million in convertible notes in less than 10 days to increase its exposure to bitcoin, following a $600 million private offering earlier in March. The company's stock dropped 8% after hitting a 24-year high, while bitcoin reached a record high of $73,803. MicroStrategy has been using convertible offerings and stock offerings to invest in bitcoin, amassing a total of 205,000 bitcoins as of March 10, making it the largest corporate holder of the cryptocurrency.