ConvertibleActiveBTC
0.625% Convertible Notes due 2030
MSTR-Mar30A
$159.09▲ 4.91%
BTC Holdings
843,738 BTC
Total Debt
$18.10B
Leverage
7.3%
mNAV
0.90x
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
ITM (+6.2%)
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
- Call provision
- 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
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 |
|---|---|---|
| 2024-03-11 | Issuance | $800.00M |
- 2024-03-11 — $800,000,000