Strategy Raises $2B in 0% Convertible Notes for Bitcoin Acquisition

Strategy, a leading investment firm, has announced its intention to offer $2.0 billion in 0% convertible senior notes due 2030 in a private offering to qualified institutional buyers under Rule 144A of the Securities Act of 1933. This move is part of Strategy's ongoing efforts to raise capital for its strategic initiatives, including the acquisition of Bitcoin and general corporate purposes.

The notes are unsecured, senior obligations of Strategy, and will not accrue regular interest. They will mature on March 1, 2030, unless repurchased, redeemed, or converted earlier. Noteholders will have the option to convert the notes into cash, shares of Strategy's class A common stock, or a combination of both, depending on Strategy's election.

The offering is contingent upon market conditions, and there is no guarantee that it will proceed as planned. Strategy has indicated that it intends to use the net proceeds from the offering primarily for Bitcoin acquisitions and working capital needs.

The convertible notes will be redeemable by Strategy at any time after March 5, 2027, under certain conditions. In the event of specific corporate changes, noteholders may require Strategy to repurchase their notes for cash.

Strategy is also hosting a video webinar at 10:00 AM EST on February 19, 2025, for qualified institutional buyers who are interested in learning more about the offering. To participate in the webinar, prospective investors must complete an investor survey on Strategy's website.