Summary
- Michael Saylor announced the completion of a $2 billion convertible bond issuance.
- The interest rate is 0% with a 35% premium applied, and the conversion price is approximately $433.43.
- The raised funds will be used for Bitcoin purchases and general corporate purposes.
Strategy's $2 billion convertible bond issuance has been completed.
On the 24th (local time), Michael Saylor, founder of Strategy, announced through X, 'We have completed the issuance of $2 billion in convertible bonds with 0% interest rate and 35% premium,' adding that 'the conversion price is approximately $433.43.'
Strategy announced through their official website that 'the net proceeds from this convertible bond issuance are $1.99 billion' and that 'these proceeds will be used for Bitcoin purchases and general corporate purposes.'
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
