MicroStrategy ends $1 billion notes offering in push to acquire even more Bitcoin
This impressive total includes $135 million from an option that the initial purchasers exercised, showcasing strong demand on the private market, where the notes were sold to qualified institutional buyers.intends to use the net proceeds from this offering, amounting to approximately $997.4 million after fees, to fully redeem the outstanding half a billion of its 6.125% Senior Secured Notes due 2028.
One interesting thing about these notes is that the company can redeem them for cash starting Dec. 20, 2027, if the stock price of MSTR reaches at least 130% of the conversion price. Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.
He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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