MicroStrategy has completed the issuance of $800 million in convertible senior notes to purchase more Bitcoin

ChainCatcher news, MicroStrategy announced that the company has completed the previously announced issuance of 0.625% convertible senior notes maturing in 2030 on March 8, 2024.

It is reported that the total principal amount of the notes sold in this issuance is $800 million, which includes $100 million of notes issued under the purchase option, issued within a 13-day period from the initial issuance date of the notes (including the issuance date), with the initial purchasers fully exercising their options on March 6, 2024, and additional purchases completed on March 8, 2024. These notes were sold in a private offering to persons reasonably believed to be qualified institutional buyers under the revised Rule 144A of the Securities Act of 1933.

In addition, MicroStrategy plans to use the net proceeds from the sale of the notes to purchase additional Bitcoin.