FT: MicroStrategy takes fundraising to $7bn for push into bitcoin

MicroStrategy, the software maker turned bitcoin powerhouse, raised its convertible bond offering to $2.6 billion, boosting its post-election crypto buying spree. The firm, led by Michael Saylor, has acquired over 50,000 bitcoins since Trump's pro-crypto administration took office, propelling its holdings to 331,000 tokens worth $31 billion. With its shares soaring nearly 900% in a year, MicroStrategy cements itself as a crypto trailblazer amid a booming digital asset market.

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By Will Schmitt in New York

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