ConvertibleActiveBTC
2.25% Convertible Notes due 2032
MSTR-Jun32
$128.64▼ 0.17%
BTC Holdings
766,970 BTC
Total Debt
$18.60B
Leverage
10.9%
mNAV
0.82x
Outstanding
$800.00M
Insufficient history
Issue date
2024-06-20
Principal
$800.00M
Coupon
2.25%
Maturity
2032-06-15
Conversion price
$204.33
ITM Status
OTM (-37.0%)
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- Semi-annual
- Payment dates
- Jun 15, Dec 15
- Rate type
- Fixed
- Forced conversion
- On or after Jun 20 2029 if stock >= 130% of conversion price for 20 of 30 consecutive trading days. If fewer than all notes redeemed, at least $75M must remain outstanding.
- Put provision
- Holders may require repurchase on Jun 15 2029 at 100% of principal plus accrued interest, or upon fundamental change
- Use of proceeds
- BTC acquisition and general corporate purposes
Sources(2)
- $800M 2.25% Convertible N…Press Release$800M 2.25% Convertible Notes due 2032Strategy Inc. — 2024-06-20
- Form 8-K (2.25% convertib…FilingForm 8-K (2.25% convertible notes due 2032)Items 1.01/2.03MicroStrategy Incorporated — 2024-06-17
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2024-06-20 | Issuance | $800.00M | $800M 2.25% Convertible N… |
- 2024-06-20 — $800,000,000press_release — Strategy Inc.Source