Strategy (MSTR) announced the pricing of its offering of $2.0 billion aggregate principal amount of its 0% convertible senior notes due 2030 in a private offering. The initial conversion rate is 2.3072 shares of class A common stock per $1,000 principal amount of notes, which represents an initial conversion price of approximately $433.43 per share of class A common stock.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSTR:
- Retail Investor ‘Mania’ Is Back in the Stock Market, Says JPMorgan Chase (JPM)
- Strategy (MSTR) Raises Another $2 Billion to Buy More Bitcoin
- Anti-Takeover Provisions at Strategy Incorporated: Implications for Stockholders
- Through the Crypto Looking Glass with GameStop (GME)
- Strategy files to sell $2.0B in convertible senior notes due 2030