According to an official press release by MicroStrategy, the company plans to privately issue $600 million of convertible senior notes to qualified institutional buyers. MicroStrategy also states that it will use the net proceeds from the bond sale to purchase additional bitcoins or for general corporate purposes.
It is reported that these bonds will pay semi-annual interest on March 15 and September 15 each year, with the first interest payment date being September 15, 2024. Unless redeemed, repurchased, or converted pursuant to their terms, the bonds will mature on March 15, 2030. Additionally, MicroStrategy expects to grant initial purchasers an option to purchase up to an additional $90 million aggregate principal amount of bonds within a 13-day period from the issuance date.
Successful Conclusion of CoinEx Taiwan’s 7th Anniversary Celebration, Embracing the Arrival of the Web3 Era Hand in Hand with Users
Since its establishment in 2017, CoinEx has been a professional cryptocurrency trading pla…