Business intelligence company MicroStrategy Incorporated completed on Monday its offering of 0.625% convertible senior notes due 2030. According to the company's release, the offering was finalized on March 8, 2024, raising $800 million.
The net proceeds, approximately $782.0 million after expenses, will be used to acquire additional Bitcoin, reinforcing MicroStrategy's strategy to integrate Bitcoin into its treasury operations.
The moves come after the company acquired 3,000 Bitcoin for roughly $155.4 million in cash during the period between February 15 and February 25 of this year.
