MicroStrategy Seeks $700M in New Debt to Buy More Bitcoin, Now Holding $13B Worth of Crypto

MicroStrategy plans to raise $700M in convertible debt to buy more Bitcoin, adding to its stash of nearly 193,000 BTC already
MicroStrategy's Bitcoin holdings are currently worth over $13B, making it the largest corporate holder of Bitcoin globally
MicroStrategy's stock price has skyrocketed 343% in the past year, outperforming Bitcoin's 196% rally over the same period
Analysts have a Strong Buy rating on MicroStrategy stock but expect a potential downside of 16.7% to $875 per share
Upcoming Bitcoin halving events could boost prices of both BTC and MicroStrategy stock, buoying investor sentiment