MicroStrategy (MSTR) introduced on Thursday that it plans to supply $500 million in convertible notes due 2032, with the proceeds for use to buy extra Bitcoin (BTC) and for different company functions.

The providing is topic to market situations, and the timing or phrases of the providing can’t be assured.

“MicroStrategy additionally intends to grant to the preliminary purchasers of the notes an choice to buy as much as a further $75 million combination principal quantity of the notes inside 13 days following the preliminary issuance date of the notes,” the corporate mentioned in a press launch.

Starting June 20, 2029, MicroStrategy could redeem all or a portion of the notes for money, topic to sure situations. The non-public providing is being supplied to individuals who qualify as institutional consumers below Rule 144A of the Securities Act of 1933.

MicroStrategy presently holds 214,400 BTC, valued at greater than $14 billion, making it the biggest Bitcoin holder amongst publicly traded firms.

MSTR shares fell 1.5% in premarket buying and selling.