Firms Ride Bitcoin Wave to Raise Billions From Convertible Debt.

The article discusses how firms in the cryptocurrency sector are raising billions through convertible debt offerings, following MicroStrategy Inc.'s lead. The surge in cryptocurrencies has attracted investors to companies linked to the industry, leading to significant fundraising. The rise in Bitcoin prices, along with the appointment of a crypto-friendly regulator, has fueled the trend of issuing convertible bonds in the volatile market. This strategy has enabled companies like MicroStrategy, MARA Holdings, and Core Scientific to raise substantial amounts for Bitcoin investments, driving up their stock prices. [Extracted from the article]