The strategy is planning to raise $ 2 billion through zero-onion convertible notes to buy more bitcoins, the world’s largest corporate bitcoin holder.
a company statement On February 18, a private placement was proposed to offer notes to institutional investors in a private placement, with an additional $ 300 million option for initial buyers. On March 1, 2030, maturing notes, cash, stock, or at the discretion of strategy will be convertible in the mixture of both.
Notes will not regularly reduce interest or price, which means their major amount will be fixed over time. The strategy maintains the right to capitalize on the cash notes for cash starting from March 5, 2027, but only when its stock price trades at least 130% above the conversion value for a specified period.
Meanwhile, investors may demand a recurrent on March 1, 2028, or in the event of basic corporate changes, on the major amount and at any particular or additional interest.
The Michael Sayler -led firm, which is rebellanded with a recently rebranded, said that income will mainly fund more bitcoin acquisitions, while a portion will be allocated as a working capital.
MSTR shares barely reacted to the latest declaration, with hours after hours of flat trading, closed over 1.1% on February 18. However, the stock is 373% compared to the previous year, ranking among the best performing assets in the US market.
The step aligns with the company’s comprehensive 21/21 scheme, a strategy that is a strategy for adding $ 42 billion bitcoins to its balance sheet by co-founder Michael Siler by 2027. The strategy has greatly trusted the debt offerings to buy its bitcoin, which is using, in the competition to buy bitcoins. Convertible note as an important tool to stack SAT without diluting existing shareholders.
According to his latest earnings report, where he posted a net deficit of $ 670.8 million, the strategy revealed that it already launched the 21/21 scheme in the end of 2023, since his $ 42 billion target since launching the 21/21 scheme $ 21. Is more secure than billion.
According to the data from the bitcoinenantry, the latest rhise follows a series of similar debt-funded BTC graves, which helped push its holdings up to 478,740 bitcoins.
Meanwhile, the strategy has stopped the purchase of its normal bitcoin, no new procurement has been recorded last week, as its AT-the-Market Equity Program saw zero activity between 10 February and 14 February according to Michael Sayler. Has been.
This was only the second time in 14 weeks when the strategy did not add to its holdings, mirrors in early February when the sale of the stock was temporarily dried up.
