MicroStrategy Incorporated, a company listed on the Nasdaq Global Select Market under the symbol MSTR, has successfully completed a private offering of convertible senior notes on June 18, 2024. The offering, which featured a 2.25% coupon and a 35% conversion premium, was upsized to $800 million due to strong market reception, including an additional $100 million from the initial purchasers' option exercise. The net proceeds for MicroStrategy amounted to approximately $786 million. The company utilized these proceeds, along with excess cash, to purchase approximately 11,931 bitcoins between April 27, 2024, and June 19, 2024, at an average price of $65,883 per bitcoin. As of June 20, 2024, MicroStrategy's total bitcoin holdings reached approximately 226,331 bitcoins, acquired at an average price of $36,798 per bitcoin, totaling an investment of around $8.33 billion. This strategic acquisition aligns with MicroStrategy's ongoing investment in cryptocurrency, as disclosed in their SEC filings.

MicroStrategy Incorporated, a company listed on the Nasdaq Global Select Market under the symbol MSTR, has successfully completed a private offering of convertible senior notes on June 18, 2024. The offering, which featured a 2.25% coupon and a 35% conversion premium, was upsized to $800 million due to strong market reception, including an additional $100 million from the initial purchasers' option exercise. The net proceeds for MicroStrategy amounted to approximately $786 million. The company utilized these proceeds, along with excess cash, to purchase approximately 11,931 bitcoins between April 27, 2024, and June 19, 2024, at an average price of $65,883 per bitcoin. As of June 20, 2024, MicroStrategy's total bitcoin holdings reached approximately 226,331 bitcoins, acquired at an average price of $36,798 per bitcoin, totaling an investment of around $8.33 billion. This strategic acquisition aligns with MicroStrategy's ongoing investment in cryptocurrency, as disclosed in their SEC filings.