Microstrategy (MSTR) to Offer $600 Million of Convertible Senior Notes to Buy More Bitcoin

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MicroStrategy Announces Proposed Private Offering of $600 Million of Convertible Senior Notes

February 16, 2021 7:15 AM EST

TYSONS CORNER, Va.--(BUSINESS WIRE)-- MicroStrategy® Incorporated (Nasdaq: MSTR) (MicroStrategy) today announced that it intends to offer, subject to market conditions and other factors, $600 million aggregate principal amount of convertible senior notes due 2027 (the notes) in a private offering to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the Securities Act). MicroStrategy also expects to grant to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional... More