MicroStrategy is selling $700 million more in convertible senior notes to buy back debt and more bitcoin
MicroStrategy (ticker: MSTR), the business intelligence firm turned bitcoin-trading vehicle, plans to sell up to $700 million in convertible senior notes to fund additional BTC purchases and buy back debt, CEO Michael Saylor announced.
The private offering will be “subject to market conditions” and come due in 2028. The notes will be unsecured, senior obligations of MicroStrategy — a type of debt that is not backed by collateral — and will pay interest twice a year
