MicroStrategy Will Hold a $1.75 Billion Convertible Notes Offering to Buy More BTC

MicroStrategy has announced its plans to issue $1.75 billion in convertible senior notes due 2029 (referred to as “notes”) in a private offering to qualified institutional buyers and certain non-US persons.

The offering will be made in accordance with Rule 144A under the Securities Act of 1933 and Regulation S under the Securities Act.

The initial purchasers of the notes will have the option to purchase an additional $250 million within a 3-day period after the notes are issued.

Market conditions and other factors will impact the completion and terms of the offering. The notes will be secured, senior obligations of MicroStrategy and will not accrue regular interest or have a principal accretion feature.