MicroStrategy Plans to Raise $1.75B Through Convertible Senior Notes Offering for Bitcoin Purchases and General Corporate Purposes

2024-11-19 08:24

BlockBeats News, November 19, According to official sources, MicroStrategy plans to privately offer $1.75 billion 0% convertible senior notes due in 2029. These notes are unsecured and non-interest bearing, convertible into cash or stock. The proceeds will be used to purchase Bitcoin and for general corporate purposes.

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