MicroStrategy, has filed to raise $500 million through a convertible debt offering, intending to bolster its Bitcoin reserves. This move follows a recent $800 million convertible debt raise, which was upsized from an initial $600 million plan. The proceeds, combined with existing funds, were utilized to acquire an additional 12,000 Bitcoins for $821.7 million. With MicroStrategy's current Bitcoin holdings totaling 205,000, valued at nearly $15 billion, the latest offering could potentially enable the purchase of approximately 6,800 additional tokens, assuming Bitcoin maintains its approximate $73,000 valuation.