Strategy Announces Proposal to Issue 2 billion USD Convertible Senior Notes to Support Buying More Bitcoins

Strategy (MSTR. O) announced that it intends to offer to qualified institutional buyers a private placement of its 0% convertible senior notes due 2030 for a total principal amount of $2 billion. Strategy also expects to grant purchase rights to initial purchasers of the notes, settled within five business days of the date of the notes' initial offering, for a total principal amount of up to $300 million. Strategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin and as Working Funds.