MicroStrategy has completed a $1.01 billion convertible bond offering with a coupon of 0.625% through 2028. 🎉

- A portion of the proceeds will be used to purchase additional Bitcoin (BTC).

- The offering is aimed at institutional investors and can be converted into cash or MicroStrategy shares.

- The company also plans to use some of the proceeds to redeem $500 million in secured bonds, releasing collateral including 69,080 BTC.

Bond details:

- Interest rate of 0.625%/year, payable twice a year on March 15 and September 15.

- Maturity in 2027 unless converted, redeemed or redeemed early.

- Initial conversion rate: 5.4589 Class A shares/$1,000 bonds (~$183.19/share, 40% higher than September 17 price).

This is a developing story, stay tuned for more updates! What do you think of this move by MicroStrategy? Comment below! 👇