TechFlow news, on November 19, according to official announcements, MicroStrategy announced plans to issue $1.75 billion of zero-coupon senior convertible notes due 2029. MicroStrategy also expects to grant the initial purchasers of the notes an option to purchase up to an additional $250 million aggregate principal amount of notes within three days of the initial issuance date. The offering is subject to market and other conditions, and there can be no assurance as to whether, when, or on what terms the offering will be completed.
MicroStrategy intends to use the net proceeds from this offering to purchase additional bitcoin and for general corporate purposes.
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