Strategy Eyes $2B Bitcoin Investment as New Capital Raise is Officially Priced

Strategy Locks In $2B Convertible Note Deal, Eyes Friday Closure

Strategy (MSTR) has finalized pricing for its $2 billion offering of 0% convertible senior notes, set to mature in five years. The deal is expected to close on Friday.

According to the announcement, the initial conversion rate stands at 2.3072 MSTR shares per $1,000 principal amount, translating to a conversion price of $433.43 per share. Ahead of market open, MSTR shares rose 1.5% to $323.53.

The company anticipates raising $1.99 billion from the offering, with the potential to reach $2.28 billion if underwriters exercise their greenshoe option.

Currently, Strategy holds 478,740 bitcoin (BTC), valued at approximately $46.5 billion, based on BTC’s current trading price above $97,000.