10M
...
MicroStrategy® Incorporated (Nasdaq: MSTR) has revealed plans to raise $500 million to buy more bitcoin through a private offering of convertible senior notes due 2031. The offering, subject to market conditions, targets qualified institutional buyers under Rule 144A of the Securities Act of 1933.
BREAKING: MicroStrategy to raise $500 million to buy more #Bitcoin pic.twitter.com/EU19xmKB2x
— Bitcoin Magazine (@BitcoinMagazine) March 13, 2024
The notes, unsecured and senior obligations of MicroStrategy, will bear semi-annual interest payable on March 15 and September 15, commencing September 15, 2024. Set to mature on March 15, 2031, the notes may be redeemed by MicroStrategy on or after…
Read more on BitcoinMagazine