MicroStrategy Upsizes Convertible Debt Offering to $700M to Buy Even More Bitcoin
Briefly

from Coindesk11 months ago
MicroStrategy (MSTR) has upsized its convertible debt offering to $700 million from $600 million to buy more bitcoin (BTC).
Coindeskhttps://www.coindesk.com/markets/2024/03/06/microstrategy-upsizes-convertible-debt-offering-to-700m-to-buy-even-more-bitcoin/
The conversion rate for the notes will initially be equivalent to $1,497.68 per share, representing a 42.5% premium compared to Tuesday's closing price of $1,051.01.
Coindeskhttps://www.coindesk.com/markets/2024/03/06/microstrategy-upsizes-convertible-debt-offering-to-700m-to-buy-even-more-bitcoin/
Read at Coindesk
#microstrategy #bitcoin #convertible-debt #investment
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