MicroStrategy Plans to raise another $500 million to invest in Bitcoin
MicroStrategy will issue $500 million of bonds maturing in 2031. This is the second issue in March 2024.
MicroStrategy has announced the issuance of senior convertible bonds in the amount of $500 million. This is the second issue in recent times.
Recall that here we are talking about debt securities, the holders of which will receive a certain advantage in the event of liquidation of the company.
According to the official press release, the maturity date of the bonds is March 15, 2031. Interest on them will be paid every six months starting from September 15, 2024. The date of the first redemption is March 22, 2028.
Notably, the company noted that it reserves the right to choose the form of repayment of the bonds. It can be fiat or MicroStrategy shares.
"We intend to use the net proceeds from the sale of bonds to purchase additional bitcoins, as well as for general corporate purposes," the release says.
Source: https://incrypted.com/microstrategy-planyruet-pryvlech-eshche-500-mln-dlja-ynvestytsyj-v-bytkoyn/
