MicroStrategy has wrapped up a $3 billion offering of 0% convertible senior notes, aiming to use the funds to purchase more Bitcoin. These notes, maturing in December 2029, are sold at a 55% premium and won't pay regular interest, offering priority in bankruptcy situations. The company could acquire around 30,600 Bitcoin if the entire amount is spent on it. This move is part of MicroStrategy's ambitious "21/21" plan to raise $42 billion over three years. Despite a recent 25% share drop, MSTR remains a top performer, with a 480% increase in 2024. Bitcoin is nearing the $100,000 mark.
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