ConvertibleActiveBTC
0.625% Convertible Notes due 2030
MSTR-Mar30A
$128.66▼ 0.16%
BTC Holdings
766,970 BTC
Total Debt
$18.60B
Leverage
10.9%
mNAV
0.82x
Outstanding
$800.00M
Insufficient history
Issue date
2024-03-11
Principal
$800.00M
Coupon
0.63%
Maturity
2030-03-15
Conversion price
$149.77
ITM Status
OTM (-14.1%)
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- Semi-annual
- Payment dates
- Mar 15, Sep 15
- Rate type
- Fixed
- Forced conversion
- On or after Mar 22 2027 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- Holders may require repurchase on Sep 15 2028 at 100% of principal plus accrued interest, or upon fundamental change
- Use of proceeds
- BTC acquisition
Sources(2)
- $800M 0.625% Convertible …Press Release$800M 0.625% Convertible Notes due 2030Strategy Inc. — 2024-03-11
- Form 8-K (0.625% converti…FilingForm 8-K (0.625% convertible notes due 2030)Items 1.01/2.03MicroStrategy Incorporated — 2024-03-11
Participants
Holders & Underwriters(1)
- Form 8-K (0.625% converti…Citigroup Global Markets Inc.underwriter$800Mas of 2024-03-11Representative of the several initial purchasers
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2024-03-11 | Issuance | $800.00M | $800M 0.625% Convertible … |
- 2024-03-11 — $800,000,000press_release — Strategy Inc.Source