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Strategy™ (Nasdaq: MSTR) today announced a significant financial move with the pricing of its $2.0 billion zero-interest convertible senior notes set to mature in 2030. The private offering targeted at qualified institutional buyers could increase by $300 million if the initial purchasers exercise their option within five days from issuance.
The notes structured as senior unsecured obligations do not bear regular interest nor will the principal amount accrete. Holders of the notes have specified times and conditions under which they can convert their notes into Strategy’s class A common stock before the notes mature on March 1 2030.
Strategy intends to funnel the substantial net proceeds estimated at approximately $1.99 billion towards general corporate purposes. This includes the strategic acquisition of bitcoin and enhancing working capital signaling a robust commitment to integrating cryptocurrency into its financial strategy.
