Nasdaq-listed business intelligence firm MicroStrategy is borrowing $400 million through senior secured notes to add more bitcoin to its current 92,079 stash, worth $3.29 billion at press time.

According to a filing from the company, the senior secured notes will be available for qualified institutional buyers. The company has in the past raised $550 million in a private placement to qualified investors, and used the proceeds to buy bitcoin.

MicroStrategy first started investing in bitcoin in August of last year, when it made a massive $250 million bet on the flagship cryptocurrency as part of its capital allocation strategy. At the time, the firm bought 21,454 BTC and detailed its decision to invest was influenced by “factors affecting the economic and business landscape,” which the firm believes are creating “long-term risks” for its corporate treasury program.

These factors include the economic and public health crisis created by the COVID-19 pandemic, the “unprecedented government financial stimulus measures including quantitative easing adopted around the world,” and global political and economic uncertainty.

Since then the firm kept on adding BTC to its treasury, and has now invested $2.251 billion to buy well over 92,000 BTC. The senior secured notes it will now offer are due 2028 and the raised funds will be used to buy more BTC.

According to Bloomberg, the private placement is $23 million higher than the company’s entire operating cash flow since 2016. While it was one of the first companies to invest in BTC, several others added the cryptocurrency to their balance sheets over the last few months, including Tesla, Square, Maitu, and others.

While dozens of companies have BTC on their balance sheet, MicroStrategy and Tesla are the only ones who bought over $1 billion worth of the flagship cryptocurrency.

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