MicroStrategy announces $700 million convertible senior notes offering
MicroStrategy announced the issuance of $700 million in principal amount of 0.625% convertible senior notes due in 2030. The notes will be sold in a private offering to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended. MicroStrategy has also granted the initial purchasers of the notes an option to purchase up to an additional $100 million aggregate principal amount of the notes within 13 days from the initial issuance date. The offering size for this issuance is larger than the previously announced $600 million aggregate principal amount. The offering is expected to close on March 8, 2024, subject to customary closing conditions. Previously, it was reported that MicroStrategy planned to issue $600 million in convertible senior notes to purchase Bitcoin and other assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
