TechFlow news — On February 19, according to The Block, Strategy (formerly MicroStrategy) announced plans to issue $2 billion in zero-coupon senior convertible notes. The company stated that the proceeds will be used for general corporate purposes, including purchasing bitcoin.
The notes will mature on March 1, 2030, unless earlier repurchased, redeemed, or converted. Settlement upon conversion will be made in cash, shares of Class A common stock, or a combination thereof. Additionally, the company intends to grant the initial purchasers an option to buy up to an additional $300 million in notes within five business days after the issuance.
As of now, Strategy holds 478,000 bitcoins, worth over $46 billion. During 2024, the company purchased approximately 258,320 bitcoins.
