Strategy to raise $2b via convertible notes for Bitcoin purchases

Strategy, the largest holder of corporate bitcoin in the world, plans to raise $ 2 billion thanks to zero -interest convertible tickets to buy more bitcoin.

A business statement Dated February 18, proposed to offer tickets to institutional investors in a private investment, with an additional option of $ 300 million for the first buyers. Tickets, maturing on March 1, 2030, will be convertible into cash, in stock or a mixture of the two at the discretion of the strategy.

Tickets will not be of regular interest or does not increase in value, which means that their main amount will remain fixed over time. The strategy retains the right to buy tickets for species from March 5, 2027, but only if its stock market price is negotiated at least 130% above the conversion price for a specified period.

Meanwhile, investors can demand a buyout on March 1, 2028, or in the event of a fundamental business change, to the main amount of more special or additional accumulated interest.

THE Michael Saylor-The directed company, which recently renamed Microstrategy, noted that the product would mainly finance more Bitcoin acquisitions while a party would be allocated as working funds.

MSTR shares barely reacted to the last announcement, closing just over 1.1% on February 18 before negotiating flat after hours. However, the action remains up 373% in the past year, ranking among the most efficient assets on the American market.

This decision is aligned with the broader plan of the company 21/21, a strategy led by the co-founder Michael Saylor to add a value of $ 42 billion in Bitcoin to his balance sheet by 2027. The S ‘strategy is strongly supported on debt offers to supply your Bitcoin purchase meat, using convertible notes as a key tool to stack the SAT without diluting the existing shareholders.

According to his last Gains reportWhere he posted a net loss of $ 670.8 million, the strategy revealed that it had already obtained more than $ 21 billion for its target of $ 42 billion since the launch of the 21/21 plan at the end of 2023.

The last increase follows a series of BTC grabs funded by debt This helped push his assets to 478,740 narcotic bitcoins, according to Bitcointheries data.

In the meantime, the strategy has stall Its usual bitcoin purchases, without new purchases recorded last week, because its market program at the market saw no activity between February 10 and February 14, according to Michael Saylor.

It was only the second time in 14 weeks that the strategy has not added to its assets, reflecting a similar section In early February, when sales of shares temporarily dried.