In a daring move that's turning heads on Wall Street, MicroStrategy is doubling down on its Bitcoin bet with a jaw-dropping $2.6 billion convertible note offering. This latest play is part of the company's audacious "21/21 Plan" to raise a staggering $42 billion for Bitcoin acquisitions over the next three years.

Nasdaq-listed business intelligence firm MicroStrategy of Michael Saylor had invested nearly $4 billion to buy 129,218 BTC, according to SEC filings in March 2022. The firm borrowed $205 million in a three-year loan from crypto-focused bank Silvergate in March to buy more BTC and used 19,466 Bitcoins to secure the loan. As the BTC prices continue to crash, rumors said that MicroStrategy could be faced with margin calls against the loan. However, they said that they did not receive a margin call.