What's Going On With MicroStrategy Stock Thursday?
Portfolio Pulse from Adam Eckert
MicroStrategy Inc (NASDAQ:MSTR) shares are trading slightly higher after the company completed its offering of 2.25% convertible senior notes due 2032, raising approximately $786 million in net proceeds. The company plans to use the funds to acquire additional Bitcoin.
June 20, 2024 | 1:25 pm
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MicroStrategy completed its offering of 2.25% convertible senior notes, raising $786 million in net proceeds to acquire additional Bitcoin. Shares are trading slightly higher.
The completion of the offering and the intention to use the proceeds to acquire more Bitcoin is seen as a positive move by investors, leading to a slight increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100