MicroStrategy has completed a $800 million convertible note offering, which it will use to acquire more Bitcoin and for “general corporate purposes.”
MicroStrategy, one of the world’s largest public holders of Bitcoin (BTC), has completed another convertible notes offering to acquire more BTC.
On June 20, MicroStrategy officially announced that the company completed its previously announced offering of 2.25% convertible senior notes due 2032.
The aggregate principal amount of the notes sold in the offering was $800 million, including $100 million of notes issued pursuant to an option to purchase. The announcement notes that the initial purchasers exercised the purchase agreement in full on June 17, with another additional purchase occurring on June 18.
