From Investing.com: 2024-06-13 07:48:06

MicroStrategy (MSTR) plans to offer $500 million in convertible senior notes due 2032 to fund more Bitcoin purchases and corporate needs. The timing and terms of the offering are not yet guaranteed. The company may grant initial purchasers an option to buy an additional $75 million of notes within 13 days. Starting June 20, 2029, MicroStrategy has the right to redeem some or all notes for cash. The private offering is for institutional buyers under Rule 144A of the Securities Act of 1933. MicroStrategy holds 214,400 BTC, worth over $14 billion, as the largest public-listed Bitcoin holder. MSTR shares dropped 1.5% in premarket trading.

Read more at Investing.com: MicroStrategy offers $500 million of convertible notes to buy more Bitcoin By Investing.com