In the bear market, leverage is increased. If you lose, you can go to work in the sea! MicroStrategy will issue $500 million in "junk bonds", and institutional investors are interested

According to Bloomberg, MicroStrategy has increased the size of its junk bond issuance to finance the purchase of more Bitcoin, with a target of $500 million. (Junk bonds refer to bonds with high investment interest rates, generally 4 percentage points higher than government bonds, and high risks.)

The company has received about $1.6 billion in issuance orders, including a large amount of hedge fund capital. With the value of Bitcoin falling to its lowest point since April, it can be seen that institutional investors are still showing strong interest.

MicroStrategy, led by Michael Saylor, has become one of the most bullish public companies on cryptocurrencies. MicroStrategy has issued about $1 billion worth of convertible bonds to buy more Bitcoin. Saylor's focus on Bitcoin, including making it an official corporate strategy, has also drawn the ire of many critics.

MicroStrategy initially planned to issue $400 million in debt, but when trading was launched on Monday, demand was significantly higher than supply. The person familiar with the matter said MicroStrategy offered convertible bonds with a yield of between 6.125% and 6.25%, lower than the 6.25% to 6.5% pricing discussed earlier.

MicroStrategy disclosed in a filing on Monday that it will take a charge of about $284.5 million in its next earnings report due to losses related to digital asset price fluctuations. That’s more than the company has earned cumulatively since 2011.

A Twitter user used a picture to vividly illustrate Michael Saylor's approach of leveraging and going all out in a bear market.

As of mid-May, MicroStrategy had accumulated 92,079 bitcoins, which the company said were acquired for about $2.25 billion, at an average price of about $24,450 per bitcoin.