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home / articles / MSTR - MicroStrategy Stock Moves Lower After Company Raises $600M To Buy More Bitcoin: What You Need To Know | Benzinga

MSTR - MicroStrategy Stock Moves Lower After Company Raises $600M To Buy More Bitcoin: What You Need To Know | Benzinga

MicroStrategy Incorporated

MicroStrategy Inc (NASDAQ:MSTR) shares are trading lower Tuesday after the company announced a proposed private offering of convertible senior notes.

What Happened: MicroStrategy announced after the market close on Monday that it intends to offer $600 million worth of convertible senior notes due 2030 in a private offering to qualified institutional buyers. The company plans to grant the initial purchasers a 13-day window to buy an additional $90 million worth of the notes.

MicroStrategy ...

Full story available on Benzinga.com
Stock Information
Company Name: MicroStrategy Incorporated
Stock Symbol: MSTR
Market: NASDAQ
Website: microstrategy.com
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