Michael Saylor’s firm, Strategy (formerly MicroStrategy), is raising $2 billion through a convertible debt offering to expand its Bitcoin holdings, continuing its aggressive treasury strategy.
Convertible Debt Offering Announced
Software intelligence firm Strategy (Nasdaq: MSTR), formerly known as MicroStrategy, has announced plans to raise $2 billion through a private offering of convertible senior notes due in 2030. The move extends the company’s unconventional approach to funding Bitcoin acquisitions. The offering will be made to qualified institutional buyers under Rule 144A of the Securities Act and is subject to market conditions.
According to the company,
“Strategy intends to use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin and for working capital.”
Details of the Convertible Notes
The senior convertible notes will be unsecured obligations with a 0% interest rate and will mature on March 1, 2030
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