ConvertibleActiveBTC
0% Convertible Notes due 2029
MSTR-Dec29
$128.64▼ 0.17%
BTC Holdings
766,970 BTC
Total Debt
$18.60B
Leverage
10.9%
mNAV
0.82x
Outstanding
$3.00B
Insufficient history
Issue date
2024-11-21
Principal
$3.00B
Coupon
0.00%
Maturity
2029-12-01
Conversion price
$672.4
ITM Status
OTM (-80.9%)
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- On or after Dec 4 2026 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- Holders may require repurchase on Jun 1 2028 at 100% of principal plus accrued special interest, or upon fundamental change
- Use of proceeds
- BTC acquisition and general corporate purposes
Sources(2)
- $3B 0% Convertible Notes …Press Release$3B 0% Convertible Notes due 2029Strategy Inc. — 2024-11-21
- Form 8-K (0% convertible …FilingForm 8-K (0% convertible notes due 2029)Items 1.01/2.03MicroStrategy Incorporated — 2024-11-21
Participants
Holders & Underwriters(1)
- Form 8-K (0% convertible …Barclays Capital Inc.underwriter$3Bas of 2024-11-21Representative of the several initial purchasers
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2024-11-21 | Issuance | $3.00B | $3B 0% Convertible Notes … |
- 2024-11-21 — $3,000,000,000press_release — Strategy Inc.Source