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MicroStrategy to Redeem Convertible Senior Notes in 2025

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MicroStrategy to Redeem Convertible Senior Notes in 2025

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MicroStrategy ( (MSTR) ) has issued an announcement.

MicroStrategy, a company known for its significant holdings in bitcoin, announced that it did not engage in any bitcoin purchases or sales of class A common stock between February 10 and February 17, 2025. As of February 17, 2025, MicroStrategy and its subsidiaries held approximately 478,740 bitcoins at an average purchase price of $65,033 per bitcoin. Additionally, the company plans to redeem its 0.0% Convertible Senior Notes due 2027 on February 24, 2025, with conversion requests already received for a significant portion of the notes, leading to the issuance of over 6 million shares.

More about MicroStrategy

YTD Price Performance: 12.57%

Average Trading Volume: 24,659,702

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $87.2B

For an in-depth examination of MSTR stock, go to TipRanks’ Stock Analysis page.

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