Strategy Announces 2 billion USD Convertible Senior Notes Issuance Pricing
According to official news, Strategy (formerly MicroStrategy) announced pricing for the issuance of the $2 billion convertible senior notes. The conversion ratio for the notes will initially be 2.3072 shares of MicroStrategy Class A common stock per principal amount of $1,000 notes, which equates to an initial conversion price of approximately $433.43 per share.