🔥MicroStrategy Announces Proposed Private Offering of $1.75B of Convertible Senior Notes
MicroStrategy plans to offer $1.75 billion of convertible senior notes in a private offering. The notes have a maturity date of December 1, 2029, with potential options for redemption or conversion. Proceeds will be used for bitcoin acquisition and corporate purposes. The offering targets qualified institutional buyers and non-U.S. persons. The notes are unsecured, with no regular interest, and convertible into cash or MicroStrategy's common stock. MicroStrategy will conduct a live Video Webinar on November 19, 2024, for potential participants. Furthermore, MicroStrategy introduces itself as a Bitcoin Treasury Company and enterprise analytics software provider. Forward-looking statements include details on the offering and its related uncertainties.
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MicroStrategy plans to offer $1.75 billion of convertible senior notes in a private offering. The notes have a maturity date of December 1, 2029, with potential options for redemption or conversion. Proceeds will be used for bitcoin acquisition and corporate purposes. The offering targets qualified institutional buyers and non-U.S. persons. The notes are unsecured, with no regular interest, and convertible into cash or MicroStrategy's common stock. MicroStrategy will conduct a live Video Webinar on November 19, 2024, for potential participants. Furthermore, MicroStrategy introduces itself as a Bitcoin Treasury Company and enterprise analytics software provider. Forward-looking statements include details on the offering and its related uncertainties.
👉Read here