MicroStrategy plans to privately issue $500 million in convertible senior notes MSTR, with net proceeds used to acquire additional Bitcoin, among other purposes

ChainCatcher news, MicroStrategy announced that it plans to privately issue $500 million of convertible senior notes MSTR. These notes will be unsecured senior debt of MicroStrategy and will pay interest semi-annually on June 15 and December 15, starting from December 15, 2024.

MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional Bitcoin and for general corporate purposes.