Strategy Inc (MSTR): debt financing — MicroStrategy completes $2B zero-coupon convertible note offering due 2030

Strategy Inc

Net proceeds ~$1.99B; $2B principal, option for additional $300M.
Initial conversion rate 2.3072 shares/$1,000, price ~$433.43 per share (~35% premium over VWAP).
Notes mature March 1, 2030; no regular interest; redeemable after March 5, 2027 if stock >130% of conversion price.
Proceeds to be used for general corporate purposes, including bitcoin acquisition and working capital.
Notes are senior unsecured; noteholders may require repurchase on March 1, 2028 at principal plus unpaid interest.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Strategy Inc incurred convertible notes of $2 billion at 0% maturing March 1, 2030.

Instrument: convertible notes
Principal: $2 billion
Rate: 0%
Maturity: March 1, 2030
Event: incurrence

Exact text from the filing

The aggregate principal amount of the notes sold in the offering was $2 billion.

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Source: SEC EDGAR

accession 0001193125-25-032800

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