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MSTR Jul 2024 820.000 put
- Investing.com
Midday movers: Broadcom, Tesla rise; MicroStrategy falls
(Updated - June 13, 2024 11:40 AM EDT)
- CoinDesk
MicroStrategy Proposes $500M Convertible Notes to Boost Bitcoin Stash
MicroStrategy proposes $500 million debt sale to boost BTC stash. The Nasdaq-listed firm currently holds 214,400 BTC. Nasdaq-listed business intelligence firm and bitcoin holder MicroStrategy (MSTR) announced Thursday that it intends to offer $500 million aggregate principal amount of convertible senior notes due 2032, proceeds of which will be used to acquire additional bitcoin and on other corporate affairs.
- Business Wire
MicroStrategy Announces Proposed Private Offering of $500 Million of Convertible Senior Notes
TYSONS CORNER, Va., June 13, 2024--MicroStrategy® Incorporated (Nasdaq: MSTR) ("MicroStrategy") today announced that it intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of convertible senior notes due 2032 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). MicroStrategy also expects to grant to
