MicroStrategy has recently concluded the issuance of $800 million in convertible notes, marking a significant financial maneuver for the company. The notes carry a fixed interest rate of 2.25% and were offered with a conversion premium of 35%. Initially, $100 million worth of notes were issued under a purchase agreement extended to initial buyers, who exercised their purchase option within 13 days of the note issuance. Subsequently, all options were duly exercised by the initial buyers on June 17, 2024, followed by additional purchases completed on June 18, 2024. This successful issuance underscores MicroStrategy's robust financial standing and strategic foresight in capital management $BTC
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