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Strategy, formerly MicroStrategy, has raised $2 billion through a convertible note offering, using the funds to buy over 20,000 Bitcoin.
Author: Tanishq Bodh
Strategy, formerly known as MicroStrategy, has raised $2 billion in a convertible note offering, using the capital to acquire an additional 20,356 Bitcoin.
On February 24, Strategy completed a $2 billion private offering of 0% convertible senior notes due in 2030. The notes will convert to 2.3072 shares of Strategy’s Class A stock per $1,000 at a conversion price of $433.43 per share—a 35% premium over the stock’s current market value.
With the newly acquired 20,356 BTC—purchased at an average price of $97,514 per Bitcoin—Strategy now holds 499,096 BTC. The company’s total Bitcoin investment stands at $33.1 billion, with an average purchase price of $66,357 per BTC.
Strategy’s Chairman Michael Saylor remains a vocal advocate of Bitcoin as a long-term store of value. The company intends to use the proceeds from the note sale for Bitcoin purchases and general corporate purposes, continuing its aggressive accumulation strategy.
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