Following its $800 million debt raise last week, Microstrategy is planning to sell an additional $500 million of its debt to snap up more bitcoin, as the red-hot cryptocurrency market pushed the token’s price past $70,000. 

The debt is purchasable in the form of senior notes, which will mature on March 15, 2031. The company said Wednesday in a statement that investors will receive interest-payable arrears, or payouts, twice a year. According to MicroStrategy, buyers can convert part or all of the notes into cash.  

The sale follows the company’s recent bitcoin buying spree. The bitcoin-based business purchased more than $800 million worth of the cryptocurrency earlier this week, CNBC reported Wednesday, citing its recent interview with MicroStrategy CEO Michael …