Microstrategy Upsizes Bitcoin-Earmarked Debt Offering by 30-60%
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MicroStrategy is upsizing their prior $400mm convertible debt-offering, which is earmarked for BTC purchases, by $150mm-$250mm. The offering is now $550mm, with an additional $100mm follow-on option, and is expected to close private-placement Dec 11th. The notes mature in 2025, and may be converted to equity (at a 37.5% premium to current $MSTR price) at the company's election.
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