Initial purchasers of the convertible senior notes will have the option to buy another $100 Million worth of notes. MicroStrategy intends to add bitcoins to its wallet that has 193,000 BTCs.
MicroStrategy Incorporated (Nasdaq: MSTR) announced its proposal to raise around $700 Million via convertible senior notes to buy more bitcoins. The firm holds 193,000 BTC and is one of the largest business owners of the digital asset. Convertible senior notes are a type of debt security. MSTR fell around 3% to the $1291 mark after the announcement.
In a press release dated March 6, MicroStrategy announced that it increased the offering price by $100 Million. In its previous announcement, the firm priced the notes at $600 Million. The firm expects to raise around $684.3 Million in proceeds
MicroStrategy Announces Proposed Private Offering of $600 Million of Convertible Senior Notes $MSTR https://t.co/PEN5dxesIb
— Michael Saylor (@saylor) March 4, 2024
“The notes will be sold in
We współpracy z: https://www.thecoinrepublic.com/2024/03/08/microstrategy-could-raise-over-700m-via-debt-to-buy-more-btc/
