MicroStrategy Upsizes Private Offering Amid Bitcoin Acquisition Plans

MicroStrategy Incorporated has announced an increase in its previously disclosed offering of convertible senior notes. The company will now offer $2.6 billion in zero-interest convertible senior notes, a significant upsizing from the initially proposed $1.75 billion. These notes are set to mature on December 1, 2029, with the offering expected to close on November 21, 2024.