MSTR - MicroStrategy To Raise $500M To Boost Bitcoin Holdings | Benzinga
MicroStrategy (NASDAQ:MSTR) on Thursday announced plans to issue $500 million in convertible senior notes due in 2032.
What Happened: The proceeds from this offering will be used to acquire more Bitcoin (CRYPTO: BTC) and fund other corporate activities, the company stated.
The proposed notes will be unsecured and senior obligations of MicroStrategy, with interest payments made semi-annually on June 15 and Dec. 15 each year, starting Dec. 15, 2024.
The offering’s completion is contingent on market conditions, and there ...