MicroStrategy plans to issue $1.75 billion in convertible notes for increasing BTC holdings and general corporate purposes
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According to official information, MicroStrategy announced plans to issue $1.75 billion in 0% convertible senior notes due 2029. MicroStrategy also expects to grant the initial purchasers of the notes an option to purchase up to an additional $250 million aggregate principal amount of the notes within 3 days after the initial issuance of the notes. The issuance is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the issuance may be completed. MicroStrategy intends to use the net proceeds from the offering to purchase additional and for general corporate purposes.
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