2024

Bitcoin

Million

Coin

<ul class="news-points">
 <li><strong>MicroStrategy raises $800M via convertible notes to expand Bitcoin holdings, acquiring 11,931 BTC at $36,798 each.</strong></li>
 <li><strong>Convertible notes mature in 2032 with a 2.25% interest rate, offering conversion to cash or stock at $2,043.32 a share.</strong></li>
 <li><strong>The financing move aligns with MicroStrategy’s strategy to boost liquidity and strengthen its Bitcoin treasury.</strong></li>
</ul>
<p>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.&nbsp;</p>
<p>MicroStrategy exercised an <a href="https://coinedition.com/microstrategy-to-issue-500m-convertible-notes-eyes-bitcoin-purchase/" rel="noopener noreferrer nofollow">option to issue</a> 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.</p>
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   <p lang="en" dir="ltr">MicroStrategy Completes $800 Million Offering of Convertible Notes at 2.25% Coupon and 35% Conversion Premium <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MSTR</a> <a href="https://t.co/qJ6awPbKjO" target="_blank" rel="noopener noreferrer nofollow">https://t.co/qJ6awPbKjO</a></p>— Michael Saylor <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1803760439660089372?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 20, 2024</a>
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<p>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…</p>
<p>The post <a href="https://coinedition.com/microstrategy-expands-bitcoin-holdings-with-786m-acquisition-completes-notes-offering/" rel="noopener noreferrer nofollow">MicroStrategy Expands Bitcoin Holdings with $786M Acquisition, Completes Notes Offering</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

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

Coin Edition

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