Creative Translation: Microstrategy Successfully Completes €600 Million Convertible Bond Offering, Goes All-In with Acquisition of 9,245 Bitcoins

Creative Translation: Microstrategy Successfully Completes €600 Million Convertible Bond Offering, Goes All-In with Acquisition of 9,245 Bitcoins

Creative Translation: Microstrategy Successfully Completes €600 Million Convertible Bond Offering, Goes All-In with Acquisition of 9,245 Bitcoins

According to an official announcement released by MicroStrategy, the company has successfully completed the issuance of convertible bonds with an expiration date of 2031 and an interest rate of 0.875% on March 18, 2024. The total principal amount of the notes sold in this issuance is $603.75 million.

Following this, MicroStrategy founder Michael Saylor stated in a subsequent post that the company has additionally acquired 9,245 bitcoins, worth approximately $623 million, during the period from March 11 to March 18. This is equivalent to investing the net proceeds from the convertible bond issuance entirely into bitcoin. As of now, the company holds a total of 214,246 bitcoins, with an average cost of approximately $35,160 per bitcoin.