- Strategy™ plans a $2 billion convertible notes offering, with an option for an additional $300 million for institutional buyers.
- Funds will be used for Bitcoin acquisitions and corporate purposes, reinforcing Strategy’s Bitcoin-first approach.
- The notes carry 0% interest and mature in 2030, with flexible settlement options including cash, stock, or a combination of both.
Strategy™ (Nasdaq: MSTR) is making another bold move, announcing plans to offer $2 billion in 0% convertible senior notes due 2030. The offering, subject to market conditions, is available only to qualified institutional buyers under Rule 144A of the Securities Act. An additional $300 million option may also be granted to initial purchasers.
Key Details of the Convertible Notes Offering
- Zero Interest, No Accretion – The notes won’t bear regular interest, and their principal won’t increase over time.
- Matures March 1, 2030 – Unless redeemed, repurchased, or converted earlier, these notes stay active until the end of the decade.
- Flexible Settlement Options – Strategy can settle conversions via cash, shares of its Class A common stock, or a mix of both.
Redemption? Only possible from March 5, 2027, and only if Strategy’s stock trades 130% above the conversion price for a specified period.
If a “fundamental change” (corporate event) occurs, noteholders can demand a buyback at face value, plus any unpaid special interest.
Where’s the Money Going?
- Bitcoin Acquisition – No surprises here; Strategy remains committed to expanding its Bitcoin reserves.
- General Corporate Purposes – Could cover working capital, operational expenses, or other strategic moves.
The conversion price and initial rate will be based on Strategy’s weighted average stock price on the day of pricing.
Not Open to the Public
Strictly a Private Offering – The notes aren’t registered under the Securities Act and can’t be sold to retail investors.
U.S. Restrictions Apply – No public sale unless registration or an exemption is granted.
A live investor webinar will be held at 10:00 AM EST on February 19, 2025, where qualified buyers can register and potentially participate in the offering.
About Strategy™ – The Bitcoin Powerhouse
Formerly known as MicroStrategy, Strategy™ (MSTR) has built its reputation as the largest corporate holder of Bitcoin. Using debt and equity financing, it continues to expand its BTC holdings while maintaining a presence in AI-powered enterprise analytics.
With a $2 billion capital raise, Strategy is doubling down on its Bitcoin-first approach—once again proving that its future is deeply tied to digital assets.
