TechFlow reports that MicroStrategy has announced plans to issue $500 million in convertible senior notes, intended for bitcoin acquisition and general corporate purposes.
The notes will mature in 2032, with holders having the option to redeem or convert them in 2029 or 2031. The offering will be conducted via Rule 144A as a private placement, not registered in the United States, and available only to qualified institutional buyers.
MicroStrategy is a publicly traded company focused on the development of the Bitcoin network and providing enterprise analytics software.
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