Strategy Plans $2 Billion Debt Issuance for Bitcoin Purchase
- Strategy, formerly MicroStrategy, aims to raise $2 billion through private debt issuance.
- The debt will be in the form of 0% Convertible Senior Notes due March 1, 2030.
- The offering is available only to qualified institutional buyers.
- If oversubscribed, the issuance may increase by up to $300 million.
- Proceeds will also support general corporate purposes like working capital.
Strategy plans to issue $2 billion in Convertible Senior Notes to purchase more Bitcoin and support other corporate needs. The notes are due in 2030 and may expand by $300 million if oversubscribed.
Source (2.6)https://coingape.com/microstrategy-to-raise-2-billion-for-more-bitcoin-purchase/?rand=24432
