Microstrategy, Inc. (MSTR) said existing approximately 92,079 bitcoins will be held by a newly formed subsidiary

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MicroStrategy Announces Proposed Private Offering of $400 Million of Senior Secured Notes

June 7, 2021 8:30 AM EDT

TYSONS CORNER, Va.--(BUSINESS WIRE)-- MicroStrategy® Incorporated (Nasdaq: MSTR) (MicroStrategy) today announced that it intends to offer, subject to market conditions and other factors, $400 million aggregate principal amount of senior secured notes due 2028 (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) and to persons outside of the United States in compliance with Regulation S under the Securities Act. The offering is subject to market and other conditions, and there can be no assurance as to whether,... More