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

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Microstrategy, Inc. (MSTR) Announces Pricing of Offering of Convertible Senior Notes

February 17, 2021 7:31 AM EST

MicroStrategy® Incorporated (Nasdaq: MSTR) (MicroStrategy) today announced the pricing of its offering of $900 million aggregate principal amount of 0% convertible senior notes due 2027 (the notes). The notes will be sold 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 granted 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 $150 million aggregate principal amount of the notes. The... More