
Strategy, formerly MicroStrategy, has raised $2 billion through a convertible note offering, using the funds to buy over 20,000 Bitcoin.
Author: Tanishq Bodh
Strategy, formerly known as MicroStrategy, has raised $2 billion in a convertible note offering, using the capital to acquire an additional 20,356 Bitcoin.
On February 24, Strategy completed a $2 billion private offering of 0% convertible senior notes due in 2030. The notes will convert to 2.3072 shares of Strategy’s Class A stock per $1,000 at a conversion price of $433.43 per share—a 35% premium over the stock’s current market value.
With the newly acquired 20,356 BTC—purchased at an average price of $97,514 per Bitcoin—Strategy now holds 499,096 BTC. The company’s total Bitcoin investment stands at $33.1 billion, with an average purchase price of $66,357 per BTC.
Strategy’s Chairman Michael Saylor remains a vocal advocate of Bitcoin as a long-term store of value. The company intends to use the proceeds from the note sale for Bitcoin purchases and general corporate purposes, continuing its aggressive accumulation strategy.
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.