ConvertibleActiveBTC
0.625% Convertible Notes due 2028
MSTR-Sep28
$159.09▲ 4.91%
BTC Holdings
843,738 BTC
Total Debt
$18.10B
Leverage
7.3%
mNAV
0.90x
Outstanding
$1.01B
Insufficient history
Issue date
2024-09-20
Principal
$1.01B
Coupon
0.63%
Maturity
2028-09-15
Conversion price
$183.19
ITM Status
OTM (-13.2%)
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 Dec 20 2027 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Call provision
- On or after Dec 20 2027 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- Holders may require repurchase on Sep 15 2027 at 100% of principal plus accrued interest, or upon fundamental change
- Use of proceeds
- Redemption of $500M 6.125% Senior Secured Notes due 2028, BTC acquisition and general corporate purposes
Participants
Holders & Underwriters(1)
- Form 8-K (0.625% converti…Barclays Capital Inc.underwriter$1Bas of 2024-09-20Representative of the several initial purchasers
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding |
|---|---|---|
| 2024-09-20 | Issuance | $1.01B |
- 2024-09-20 — $1,010,000,000