Unexpected twist in MicroStrategy's notes offering to buy Bitcoin unveiled, along with intriguing pricing details
, has announced the pricing of its latest debt offering. Per a new press release, the company plans to raise $700 million through the issuance of convertible senior notes due in 2032, with the purpose for purchasing additional This move follows a previous announcement aimed at raising $500 million, indicating what may be strong investor demand that has allowed MicroStrategy to upsize the offering.The convertible notes will bear an interest rate of 2.
MicroStrategy retains the option to redeem the notes for cash after June 20, 2029, under specific conditions, provided the company’s class A common stock meets certain price thresholds.Investors will have the option to convert the notes into cash, shares of MicroStrategy’s class A common stock or a combination of both. The initial conversion rate is set at approximately 0.4894 MSTR shares per $1,000 principal amount of notes, translating to an initial conversion price of about $2,043.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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