Creative Reissue of MicroStrategy: 500 Million Euro Convertible Bonds to Continue Bitcoin Accumulation

Creative Reissue of MicroStrategy: 500 Million Euro Convertible Bonds to Continue Bitcoin Accumulation

Creative Reissue of MicroStrategy: 500 Million Euro Convertible Bonds to Continue Bitcoin Accumulation

Following last week’s issuance of convertible bonds, which raised $800 million in funds for the purchase of Bitcoin, MicroStrategy plans to sell an additional $500 million in debt to acquire more Bitcoin. These debts will be sold in the form of senior notes, with a maturity date of March 15, 2031, allowing buyers to convert some or all of the notes into cash or equity. In a statement on Wednesday, the company stated that investors will receive interest twice a year, and the net proceeds from the sale of the convertible bonds will be used to purchase additional Bitcoin for general corporate purposes.