MicroStrategy Raises $875M In Convertible Notes, Plans Further Bitcoin Purchases

Business intelligence firm MicroStrategy (NASDAQ:MSTR) announced the pricing of its offering of $875 million in convertible senior notes, due in 2028. What Happened: This offering, expected to close by Sep. 19, 2024, is part of the company's strategy to redeem $500 million in outstanding senior secured notes and to allocate the remaining funds towards purchasing additional Bitcoin.

Source: benzinga.com

Related symbols: BTCUSD

2024-09-18 13:28:03 GMT.