MicroStrategy has boosted its bond deal to a whopping $500 million.
As reported by U.Today, the Michael Saylor-helmed business intelligence firm announced that it would offer $400 million worth of senior secured notes on June 7.
It is raising debt to acquire more Bitcoin, orchestrating a so-called "speculative attack" on the U.S. dollar.
At the same time, MicroStrategy is also expecting to log a mammoth impairment loss of $284.5 million.
Alex DovbnyaThe MicroStrategy stock is also down 7.3 percent today, reflecting the relentless cryptocurrency sell-off
The company currently has 92,079 BTC (roughly $2.9 billion) in its coffers.
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Yuri Molchan
Arman Shirinyan
Dan Burgin
Vladislav Sopov