Microstrategy, Inc. (NASDAQ:) disclosed:
As beforehand disclosed, on March 8, 2024, MicroStrategy Integrated (“MicroStrategy”) accomplished a personal providing of convertible senior notes (the “Providing”). The Providing, which included a 0.625% coupon and an roughly 42.5% conversion premium over the past reported sale value of MicroStrategy’s class A standard inventory on March 5, 2024, was effectively acquired within the market and upsized to a complete of $800 million in combination principal quantity. This quantity included the train by the preliminary purchasers of their choice to buy $100 million of further notes. Web proceeds from the Providing to MicroStrategy totaled roughly $782.0 million.
On March 11, 2024, MicroStrategy introduced that, through the interval between February 26, 2024 and March 10, 2024, MicroStrategy acquired roughly 12,000 bitcoins for about $821.7 million in money, utilizing $781.1 million of proceeds from the Providing and $40.6 million of Extra Money (outlined in our annual report on Type 10-Okay for the fiscal yr ended December 31, 2023), at a mean value of roughly $68,477 per bitcoin, inclusive of charges and bills.
As of March 10, 2024, MicroStrategy, along with its subsidiaries, held an combination of roughly 205,000 bitcoins, which had been acquired at an combination buy value of roughly $6.91 billion and a mean buy value of roughly $33,706 per bitcoin, inclusive of charges and bills.
