PANews November 19 news, according to the MicroStrategy official website announcement, MicroStrategy announced plans to issue $1.75 billion of zero-coupon convertible senior notes, expected to mature in 2029. This private placement will be aimed at qualified institutional investors and certain non-U.S. investors, and the issuance size may increase to $2 billion if market conditions permit. The notes can be converted into cash, MicroStrategy Class A common stock, or a combination of both, with final issuance terms to be determined at pricing.
MicroStrategy plans to use the raised funds to purchase more Bitcoin and for other corporate purposes. The company continues to focus on Bitcoin as its core strategy and is currently the largest Bitcoin reserve company in the world.
