Michael Saylor’s Strategy To Raise Another $2 Billion To Buy More Bitcoin

Michael Saylor‘s Strategy (NASDAQ:MSTR), the largest corporate Bitcoin holder in the world, intends to issue $2 billion in convertible debt through a private offering, to buy more Bitcoin (CRYPTO: BTC)

What Happened: On Tuesday, the company announced plans to offer the notes to institutional investors through a private placement, including an additional $300 million option for early buyers. The notes, set to mature on March 1, 2030, will be convertible into cash, stock, or a combination of both at Strategy’s discretion.

The notes will neither accrue regular interest nor increase in value, meaning their principal amount will stay constant over time. Strategy reserves the right to redeem the notes for cash beginning March 5, 2027, but only if its stock price remains at least 130% above the conversion price for a designated period.

Investors have the right to request …

Full story available on Benzinga.com