MicroStrategy ups convertible note offering to $700M

MicroStrategy has increased its convertible senior notes offering from an initially planned $500 million to $700 million. The notes will pay 2.25% interest per year and are due in 2032. According to the company’s statement, investors will be able to convert them into shares of MicroStrategy’s stock. The initial conversion rate is set at 0.4894 […] source: https://cryptoslate.com/insights/microstrategy-ups-convertible-note-offering-to-700m/