MicroStrategy secures up to $592 million through debt sale

MicroStrategy is poised to raise up to $592 million from its latest debt sale.

The company said Friday that selling up to $600 million worth of senior convertible notes could generate between $515 million and $592.3 million. The sale, announced earlier this week, follows a similar private bond offering launched a few days earlier.

MicroStrategy’s newest convertible senior notes bear an interest rate of 0.875% per annum and are payable semiannually in arrears. The notes mature in 2030.

Bitcoin BTC

-4.05%
It was trading at around $67,900 on Friday, down 3.72% in the last 24 hours. It shows the price data of The Block. Likewise, MicroStrategy’s stock price was down 3.15% at $1,623 at midday Friday compared to Thursday’s close. The company holds 205,000 Bitcoin worth nearly $14 billion as of this writing.

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