MicroStrategy plans to issue $500M in convertible senior notes to boost Bitcoin holdings.
MicroStrategy plans to issue $500M in convertible senior notes due in 2032 to boost Bitcoin holdings. The proceeds will be used to buy more Bitcoin and fund other corporate activities. The notes will be unsecured, senior obligations, and pay semi-annual interest on June 15 and Dec 15 each year, starting Dec 15, 2024. The offering's completion is subject to market conditions.
June 13, 2024
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