Strategy Announces Proposed $2 Billion Convertible Senior Notes to Support the Purchase of More Bitcoin

Strategy (MSTR.O) announced that it intends to issue its 0% Convertible Senior Notes due 2030 in an aggregate principal amount of $2.0 billion in a private placement to qualified institutional buyers Strategy also expects to grant purchasing rights to the initial purchasers of the notes to purchase up to an aggregate principal amount of up to $300 million of the notes, to be settled within five business days of the date of the initial issuance of the notes (both dates inclusive). Strategy intends to use the net proceeds of the offering for general corporate purposes, including the acquisition of Bitcoin and as working capital.