News list for " $2 billion"
According to official news, Strategy (formerly MicroStrategy) announced pricing for the issuance of the $2 billion convertible senior notes. The conversion ratio for the notes will initially be 2.3072 shares of MicroStrategy Class A common stock per principal amount of $1,000 notes, which equates to an initial conversion price of approximately $433.43 per share.
MicroStrategy is looking to sell its Class A shares to raise up to $2 billion to buy more bitcoin and for general corporate purposes. In a regulatory filing with the SEC, MicroStrategy did not disclose a timeline for the share sale, nor did it disclose how much of the proceeds would be used to purchase bitcoin. Previously, in June this year, MicroStrategy announced the issuance of $500 million unsecured senior convertible notes to buy more bitcoin, and a day later raised the issue price to $700 ...
MicroStrategy will raise $2 billion to buy more bitcoins.
