Author: Brayden Lindrea, CoinTelegraph; Compiled by: Deng Tong, Golden Finance

This business intelligence service and Bitcoin buying company (formerly MicroStrategy) is seeking to raise another 20 with 0% priority convertible bonds $100 million to buy more bitcoins.

Strategy said in a Feb. 18 statement that the first bond buyers can choose to buy additional bonds worth up to $300 million that can be used within five business days of issuance.

The company added that it intends to use the net proceeds from the issuance to buy more Bitcoin and as working capital.

Advanced convertible notes are debt securities that can be converted into equity later. They take precedence over common stocks because holders have priority in bankruptcy or liquidation.

Advanced convertible notes have been one of Strategy's main tools to implement its 21/21 program—the goal is to raise $42 billion in capital, split equity and fixed income securities over the next three years— —To buy more Bitcoins.

The program was carefully planned by Strategy’s executive chairman and co-founder Michael Saylor.

The company has completed more than half of its $42 billion capital plan since its announcement on October 30 – nearly 200,000 bitcoins have been purchased since then, bringing its total reserves to 478,740 bitcoins, And make it the world's largest corporate Bitcoin holder.

Strategy The key bitcoin metrics displayed on the new website. Source: Strategy

Strategy said the proposed notes will expire on March 1, 2030 unless they are repurchased, redeemed or converted in advance and are “constrained by the market and other conditions.”

Strategy (MSTR)’s share price did not fluctuate significantly due to the news. Google Finance data shows that MSTR fell slightly above 1% at the close of February 18, and after-hours trading remained flat.

However, Strategy shares have risen 372% over the past 12 months, becoming one of the best-performing stocks in the U.S. stock market over the past year.

Severe purchases of Bitcoin, accompanied by rising prices of Bitcoin, Strategy reported a net loss of $670.8 million in the fourth quarter.