MicroStrategy Plans New Bond Issuance

June 13, 2024 Tóth Balázs

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MicroStrategy, known for its substantial Bitcoin holdings, aims to raise an additional $500 million through a convertible senior note offering, with an option to increase by $75 million. The company plans to use the proceeds to acquire more Bitcoin and for general corporate purposes. Depending on market conditions and other factors, the notes, maturing in 2032, will be issued in a private placement to qualified institutional buyers.

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MicroStrategy Plans New Bond Issuance

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