ConvertibleActiveBTC
0% Convertible Notes due 2029
MSTR-Dec29
$159.09▲ 4.91%
BTC Holdings
843,738 BTC
Total Debt
$18.10B
Leverage
7.3%
mNAV
0.90x
Outstanding
$1.50B
Issue date
2024-11-21
Principal
$3.00B
Coupon
0.00%
Maturity
2029-12-01
Conversion price
$672.4
ITM Status
OTM (-76.3%)
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- On or after Dec 4 2026 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Call provision
- On or after Dec 4 2026 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- Holders may require repurchase on Jun 1 2028 at 100% of principal plus accrued special interest, or upon fundamental change
- Use of proceeds
- BTC acquisition and general corporate purposes
Participants
Holders & Underwriters(1)
- Form 8-K (0% convertible …Barclays Capital Inc.underwriter$3Bas of 2024-11-21Representative of the several initial purchasers
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2026-05-25 | Repurchase | $1.50B |
| 2024-11-21 | Issuance | $3.00B |
- 2026-05-25 — $1,500,000,000Transaction Highlights
- 2024-11-21 — $3,000,000,000