MicroStrategy plans to issuance $1.75 billion convertible notes to buy more BTC

Golden Finance reported that MicroStrategy announced that the company plans an issuance of $1.75 billion of 0% convertible senior notes. MicroStrategy also expects to grant initial purchasers an option to purchase up to an additional $250 million aggregate principal amount of notes within a period of three days from the date of the initial issuance of the notes. The issuance is subject to market and other conditions and there can be no assurance as to whether, when or on what terms the issuance will be completed. The announcement stated that MicroStrategy intends to use the net proceeds from this issuance to purchase additional BTC for general corporate purposes.