MicroStrategy Expands Bitcoin Holdings with $786M Acquisition, Completes Notes Offering

• MicroStrategy raises $800M via convertible notes to expand Bitcoin holdings, acquiring 11,931 BTC at $36,798 each.
• Convertible notes mature in 2032 with a 2.25% interest rate, offering conversion to cash or stock at $2,043.32 a share.
• The financing move aligns with MicroStrategy’s strategy to boost liquidity and strengthen its Bitcoin treasury.

MicroStrategy closed an $800 million offering of convertible senior notes to qualified institutional buyers. The notes, maturing in 2032, carry a 2.25% annual interest rate and are payable semi-annually starting December 15, 2024. 

MicroStrategy exercised an option to issue an additional $100 million in notes, which were fully purchased by initial buyers. This transaction aligns with the company’s strategy to strengthen its financial position and fund further investments.

MicroStrategy Completes $800 Million Offering of Convertible Notes at 2.25% Coupon and 35% Conversion Premium $MSTR https://t.co/qJ6awPbKjO

— Michael Saylor (@saylor) June 20, 2024

In the most recent update, Michael Saylor announced that MicroStrategy acquired an additional 11,931 bitcoins for approximately $786.0 million. The company used proc…

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