MicroStrategy plans a $700 million private offering of convertible senior notes due 2028, utilizing proceeds to redeem existing secured notes and acquire more Bitcoin.
The notes will allow holders to convert them into cash or MicroStrategy shares at the company's discretion, adding flexibility to the investment.
MicroStrategy emphasized that the redemption of its existing Senior Secured Notes is contingent on successfully closing the sale of the new notes.
Upon redemption, collateral securing the Senior Secured Notes, including approximately 69,080 bitcoins, will be released.
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