MicroStrategy to offer $1.75 bln aggregate principal amount of its 0% convertible senior notes due 2029 in a private offering (384.79 +44.14)
- Co also expects to grant to the initial purchasers of the notes an option to purchase, within a 3-day period beginning on, and including, the date on which the notes are first issued, up to an additional $250 million aggregate principal amount of the notes.
- Co intends to use the net proceeds from this offering to acquire additional bitcoin and for general corporate purposes.