From Nasdaq
February 20, 2025 10:31 AM:

MicroStrategy Inc. priced a $2 billion private offering of convertible senior notes due 2030, with an option for an additional $300 million. Initial conversion rate is 2.3072 shares per $1,000 principal amount, at a conversion price of approximately $433.43 per share. Funds will be used for general corporate purposes, including acquiring bitcoin.

The offering is set to close on February 21, 2025. MicroStrategy’s stock is currently trading at $319.30, up 0.20 percent on the Nasdaq.

Read more at Nasdaq: MicroStrategy Prices $2 Bln Private Offering Of Convertible Senior Notes Due 2030