Strategy announces pricing of $2B debt issuance with 35% premium

• Strategy priced $2 billion in convertible senior notes due in 2030 with a 35% premium.
• The company holds 478,740 bitcoins with an average acquisition price of $65,033.

Today, Strategy announced the pricing of $2 billion in convertible senior notes due in 2030, marking one of its largest bond issuances since adopting Bitcoin as its primary treasury reserve asset in 2020.

Strategy Announces Pricing of Convertible Senior Notes Offering $MSTR

The zero-interest convertible notes will be offered through a private placement to institutional investors.

The company has granted initial purchasers an option for an additional $300 million, potentially bringing the total offering to $2.3 billion. The offering is expected to close on February 21, 2025, subject to customary conditions.

This marks Strategys second-largest bond issuance since adopting Bitcoin as its primary treasury reserve asset in 2020, following its $3 billion convertible bond offering in November 2024, which carried a 55% conversion premium and matures in 2029.

Strategy currently maintains a market capitalization of $80.5 billion.

The company holds 478,740 Bitcoins, including 258,320 Bitcoins acquired in 2024 and 7,633 Bitcoins purchased between February 3 and February 9, 2025.

The average acquisition price stands at $65,033 per Bitcoin, with total expenditures of approximately $31.1 billion, reflecting a current gain of around 49% based on Bitcoins current price of $97,000.

Last January, Strategy unveiled its 2025 targets, planning to raise $21 billion for Bitcoin investments.