đ MicroStrategy is making waves again! Theyâve announced an $875M private offering of convertible senior notes at a super-low 0.625% interest rate per annum. These notes are set to mature on September 15, 2028, but can be converted into cash or stock earlier.
đĄ With plans to raise $864.1M, MicroStrategy aims to redeem existing notes and expand its Bitcoin holdings. The initial conversion rate is set at 5.4589 shares per $1,000 of the noteâs principal, a 40% premium over the average stock price. Exciting times ahead for $MSTR and crypto enthusiasts! #CryptoNews #Blockchain
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