Business intelligence firm MicroStrategy is doing its best to catch up with Tesla and Grayscale.
In its Feb. 16 press release, the firm has announced that it plans to offer another $600 million in convertible bonds:
The notes will be unsecured, senior obligations of MicroStrategy and will bear interest payable semi-annually in arrears on February 15 and August 15 of each year, beginning on August 15, 2021. The notes will mature on February 15, 2027, unless earlier repurchased, redeemed or converted in accordance with their terms. Subject to certain conditions, on or after February 20, 2024, MicroStrategy may redeem for cash all or a portion of the notes.
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