Technology company MicroStrategy (Nasdaq: MSTR) has announced its third debt offering of 2024, aiming to raise $700 million by issuing convertible senior notes due in 2028. MicroStrategy is raising money to pay off part of its existing debt. According to an announcement, the proceeds will be used to pay off $500 million in existing senior secured notes and to purchase more Bitcoin, with any remaining funds going to general corporate purposes. Refinancing is a common practice among companies. It involves replacing existing debt with new debt, often to take advantage of more favorable terms. The…