MSTR at it again.... Full On (Patreon)

MicroStrategy announced its intention to offer $700 million in convertible senior notes due in 2028. The primary purpose of this offering is to acquire more Bitcoin, continuing their strategy of investing heavily in the cryptocurrency. Here are the key points from this announcement:

• Debt Offering: MicroStrategy plans to issue $700 million worth of new debt through convertible senior notes.

• Redemption of Previous Debt: Out of this, $500 million will be used to redeem an existing tranche of senior secured notes due in 2028, which will cost approximately $523.8 million including interest.

Still digging into this story... but they sure know Financial Jiu Jitsu want