ConvertibleExpiredBTC
0% Convertible Notes due 2027
MSTR-Feb27
$183.80▲ 3.74%
BTC Holdings
818,334 BTC
Total Debt
$19.61B
Leverage
9.1%
mNAV
0.98x
Outstanding
$0.00
Issue date
2021-02-19
Principal
$1.05B
Coupon
0.00%
Maturity
2027-02-15
Conversion price
$143.25
ITM Status
ITM (+28.3%)
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 Feb 20 2024 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Call provision
- On or after Feb 20 2024 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- Upon fundamental change at 100% of principal plus accrued special interest
- Use of proceeds
- Bitcoin acquisition
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-02-24 | Redemption | $0.00 |
| 2021-02-19 | Issuance | $1.05B |
- 2025-02-24 — $0
- 2021-02-19 — $1,050,000,000