MicroStrategy Plans to Buy More Bitcoin (BTC) with New Debt Offering

The convertible senior notes will bear an annual interest rate of 0.875%, compared to 0.625% on the $800 million sale of similar debt that occurred just days ago. The conversion rate for the new notes is equivalent to $2,327.31 per share, representing a premium of about 40% to MSTR’s average Thursday price of $1,662.20.