(Bloomberg) -Microstrategy Inc. He raised $ 563 million via capital in the form of debt to help finance the purchase of multiple bitcoins.
Most reading from Bloomberg
A permanent strike of the preferred section was sold for $ 80 per piece, below the liquidation preference of $ 100 per share, which is a sign that the contract was an acceptable investor than when he was announced on Friday to retailers and retail institutions. The shares will pay 8% fixed coupon to investors and carry a conversion price in the amount of $ 1,000, which would require the stock almost tripled from closing Thursday.
The agreement has collected more than a twice an initial goal of $ 250 million. Microstrategy announced earlier this month that he could use the Perpetual Preferred offer to collect as many as $ 2 billion in the first quarter.
The structure is a novel offer for Michael Saylor, which has used more traditional convertible long and selling shares on the market to collect Gotovina to buy bitcoin. The offer complains of a wider range of investors, including those who seek a relatively high yield, especially compared to recent convertible notes that carried 0% coupon.
Permanent preferred shares will be higher according to the usual class A and offers a regular quarterly dividend starting on March 31, according to the US Securities Commission. Dividend can be paid in cash or shares, reports show.
Tysons Corner, a business software company based in Virginia, has collected billions from a plan presented in October, which will raise $ 42 billion through dilution.
The company started buying Bitcoin 2020 as a protection against inflation and alternative to holding cash. There are currently about $ 50 billion in Token. Saylor, president and co-founder of Microstrategy, increased the company to buy a crypto currency from the election of US President Donald Trump, a great advocate of the digital asset industry.
Barclays, Moelis & Company LLC, BTIG, TD Cowen and Keefe, Bruyette & Woods were managers in the book.
-With the help of Monique Mulima.
Most readings from Bloomberg Businessweek
© 2025 Bloomberg LP
