Key takeout
- The strategy priced a $2 billion convertible senior note in 2030 at a 35% premium.
- The company holds 478,740 Bitcoin, with an average acquisition price of $65,033.
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today, Strategy announces $2 billion pricing in convertible senior notes In 2030, it marked one of the largest bond issuances since adopting Bitcoin as a major Treasury protected asset in 2020.
Strategy announces pricing for convertible senior notes $MSTR https://t.co/doubzi3hkb
– Michael Saylor (@saylor) February 20, 2025
Zero Interest Convertible Notes are provided through private placement to institutional investors.
The company has given initial buyers an additional $300 million option, potentially increasing the total to $2.3 billion. The recruitment is expected to close on February 21, 2025 and is subject to customary conditions.
This follows the $3 billion convertible bond offering that received a $3 billion convertible bond offering in November 2020, which earned a 55% conversion premium in 2020 and maturity in 2029, followed by a $3 billion convertible bond offering in 2020. It marks the second largest bond issuance of the strategy since adopting Bitcoin as its main financial reserve asset in 2019.
The strategy currently maintains a market capitalization of $8.5 billion.
The company owns 478,740 Bitcoins, including 258,320 Bitcoins acquired in 2024 and 7,633 Bitcoins purchased between February 3rd and February 9th, 2025.
The average acquisition price is $65,033 per Bitcoin, with a total spend of around $31.1 billion, reflecting current profits of around 49% based on Bitcoin's current price of $97,000.
Last January, the strategy announced its targets for 2025, and planned to raise $21 billion for Bitcoin investment.
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