MicroStrategy Eyes Up to $592 Million from New Debt Sale

Business intelligence firm MicroStrategy is set to raise significant capital through a new debt offering. The company announced on Friday that its sale of senior convertible notes could bring in between $515 million and $592.3 million.

Details of the Debt Offering

• Total Offering Size: Up to $600 million
• Expected Proceeds: $515 million to $592.3 million
• Note Type: Senior convertible notes
• Interest Rate: 0.875% per annum, payable twice a year
• Maturity Date: 2030

This debt sale follows a similar private placement offering launched by MicroStrategy earlier this week.

Market Conditions at the Time of Announcement

• Bitcoin Price: $67,900 (down 3.72% in the past 24 hours according to The Block)
• MicroStrategy Stock Price: $1,623 (down 3.15% from Thursday’s close)
• MicroStrategy’s Bitcoin Holdings: 205,000 BTC (worth nearly $14 billion)