MicroStrategy, a leading software firm and prominent Bitcoin advocate, intends to embark on a private offering of $600mn in convertible senior notes due 2030.
In brief:
- MicroStrategy, led by Co-founder and Chairman Michael Saylor, has been a trailblazer in integrating Bitcoin into its corporate treasury.
- MicroStrategy explicitly outlines its strategic intent for the net proceeds, emphasising the allocation towards acquiring additional Bitcoin alongside general corporate purposes.
- With the announcement, MicroStrategy’s stock, MSTR, experienced a substantial surge, closing nearly 24% higher, reaching $1,334 per share – its highest value in nearly two decades.
