Strategy to Raise $2 Billion via Convertible Senior Notes Offering
- Strategy plans to raise $2 billion through a private offering of 0% convertible senior notes.
- The net proceeds are estimated at approximately $1.99 billion, with potential to increase to $2.28 billion if additional notes are purchased.
- The notes will mature on March 1, 2030, and do not bear regular interest.
- The initial conversion rate is 2.3072 shares per $1,000 principal amount of notes, equating to a conversion price of about $433.43 per share.
- Strategy currently holds 478,740 BTC valued over $47 billion.
Strategy aims to use the funds from its convertible senior notes offering for general corporate purposes, including acquiring more Bitcoin and covering working capital needs.
Source (2.6)https://dailyhodl.com/2025/02/21/strategy-primed-to-raise-another-2000000000-says-part-of-proceeds-will-be-used-to-acquire-more-bitcoin/?rand=59076
