Reported 1 day ago
Michael Saylor's Strategy, formerly known as MicroStrategy, has raised $2 billion in a convertible bond offering, adjusting terms for investors to facilitate the capital. The funds will primarily be allocated to purchasing Bitcoin, with the company currently holding a sizable collection of the digital currency. The newly priced notes, due in 2030, have a conversion premium set at 35%, and the stock experienced a slight increase following the news.
Source: YAHOO