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Stopping MicroStrategy is very difficult! $1.75 Billion Bitcoin Plan - Koin Bulletin
MicroStrategy announced that it plans to issue $1.75 billion worth of zero-coupon convertible bonds due in 2029, subject to market conditions and other factors.
The company aims to offer these bonds exclusively to qualified institutional investors and certain investors outside the United States. In addition, the initial buyers will be granted the right to purchase up to $250 million of additional bonds.
Revenues will be used for Bitcoin purchases
MicroStrategy plans to use the proceeds from this bond issuance to buy more Bitcoin and for general corporate needs. The company continues to be one of the largest institutional investors in the cryptocurrency market by steadfastly pursuing its Bitcoin acquisition strategy. It was learned that MicroStrategy also bought more than $4 billion worth of BTC this month.
Bond terms
Bonds will have unsecured and senior obligations of MicroStrategy. No interest will be paid, and the principal amount of the bonds will not increase. The bonds may be repurchased, redeemed, or converted under certain conditions before the maturity on December 1, 2029.
The company shall have the right to partially or fully repurchase the bonds for cash as of December 4, 2026. However, a minimum of $75 million worth of bonds must remain outstanding without being repurchased in total.