MicroStrategy to Buy More Bitcoin (BTC) With New Debt Offering

The convertible senior notes will have an interest rate of 0.875% per annum compared to 0.625% in a sale of $800 million of similar debt that took place just days ago. The conversion rate of the new notes will be equivalent to $2,327.31 per share, representing a premium of approximately 40% on MSTR’s Thursday average price of $1662.20.

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