Microstrategy has revealed its plans to conduct a private offering of $500 million in convertible senior notes that will mature in 2032, pending market conditions. Additionally, the company anticipates giving the initial buyers the opportunity to acquire an extra $75 million worth of notes within a 13-day window following the issuance date. These notes, which will be unsecured and senior obligations of Microstrategy, will accrue interest biannually and will reach maturity on June 15, 2032. The funds generated from the sale of the notes will be allocated towards purchasing more bitcoin and for general corporate uses.
