MicroStrategy Inc (NASDAQ:MSTR) shares are trading slightly higher Thursday after the company announced that it completed its previously announced offering.

What Happened: MicroStrategy said on June 18 it completed its previously announced offering of 2.25% convertible senior notes due 2032.

MicroStrategy said it sold an aggregate amount of $800 million of notes in the private offering to people reasonably believed to be qualified institutional buyers.

The notes are unsecured, senior obligations of MicroStrategy, and bear interest at a rate of 2.25% per annum, payable semi-annually. The conversion rate for the notes is initially 0.4894 shares of MicroStrategy's class A common stock per $1,000 principal amount of notes, which is equivalent to an initial conversion price of approximately $2,043.32 per share.

The net proceeds from the sale of the notes was approximately $786 million. MicroStrategy said it intends to use the proceeds to acquire additional Bitcoin (CRYPTO: BTC).

MicroStrategy is a business intelligence, mobile software and cloud-based services company, focused on accumulating bitcoin. The company held 214,400 bitcoin as of April 26.

How To Buy MSTR Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in MicroStrategy's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

MSTR Price Action: MicroStrategy shares were up 1.6% at $1,493 at the time of publication, according to Benzinga Pro.

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