From Nasdaq.: 2024-06-14 08:30:26

MicroStrategy priced an offering of $700 million of 2.25% convertible senior notes due 2032, upsized from $500 million. Net proceeds estimated at $687.8 million will be used to acquire bitcoin and for general corporate purposes. Offering expected to close on June 17, 2024, with initial purchasers granted an option to purchase an additional $100 million within 13 days. The notes will mature on June 15, 2032.

Read more at Nasdaq.: MicroStrategy Announces Pricing Of Offering Of Convertible Senior Notes – Quick Facts