MicroStrategy Plans to Raise $500 Million Through Bitcoin-Backed Bond Sale
- MicroStrategy intends to offer $500M of convertible senior notes due 2031 privately
- Notes will bear interest semi-annually, mature in 2031
- Firm intends to use proceeds to buy more bitcoin and general corporate purposes
- Notes will have an option for initial purchasers to buy another $75M
- Notes will begin paying interest semi-annually starting September 2024
