đ MicroStrategy's Bitcoin Bonanza! đ
MicroStrategy has successfully wrapped up a $1.01 billion offering of 0.625% convertible senior notes due 2028. Whatâs the plan? More Bitcoin, of course! đ€
- The private offering, aimed at institutional investors, allows conversion into cash or MicroStrategy stock.
- Part of the funds will redeem $500 million in Senior Secured Notes, freeing up 69,080 BTC as collateral.
The notes, maturing in 2027, have a 0.625% annual interest rate. Conversion rate? 5.4589 shares per $1,000, translating to $183.19 per shareâa 40% premium!
What do you think about this bold move? Share your thoughts below! đŹ