🚀 Buckle up, Bitcoin enthusiasts! MicroStrategy, a business intelligence firm and long-time Bitcoin holder, is set to offer $500 million worth of convertible senior notes due 2032. 🎉

The exciting part? The proceeds from this initiative will be used to purchase even more Bitcoin! 🎯 The NASDAQ-listed company also plans to grant initial buyers of the notes an option to purchase up to an additional $75 million within 13 days of issuance.

These notes will be unsecured senior obligations of the company, accruing interest payable semi-annually, starting from December 15th, 2024. They will mature on June 15th, 2032, unless they are repurchased, redeemed, or converted earlier.

From June 20, 2029, MicroStrategy can redeem all or part of the notes for cash, provided that at least $75 million in principal amount of notes remains outstanding. Holders can require MicroStrategy to repurchase any portion of their notes for cash on June 15, 2029.

The notes can be converted to cash, MicroStrategy class A common stock, or a combination of both at the company’s discretion. Until December 15, 2031, the notes will be convertible only upon the occurrence of certain events and during certain periods.

MicroStrategy is making waves in the Bitcoin world, and it's clear they're not slowing down! 🚀🌕