More free money to buy #Bitcoin
0% Interest. It will also be oversubscribed again by an addition $400M... Details are here
MSTR FREE MONEY - again
MicroStrategy's recent announcement regarding its $2.6 billion convertible senior notes offering:
Upsized Offering: MicroStrategy has increased its offering of 0% convertible senior notes from an initial $1.75 billion to $2.6 billion, with an option for initial purchasers to buy an additional $400 million within three days of issuance. The offering is expected to close on November 21, 2024 - they will sell more. Up to $3BN - see below
Use of Proceeds: The net proceeds from this offering, estimated at approximately $2.58 billion (or $2.97 billion if the additional option is exercised), will primarily be used to acquire more Bitcoin
Convertible Terms: The notes are set to mature on December 1, 2029, and are convertible into cash, shares of MicroStrategy's class A common stock, or a combination thereof, at MicroStrategy's election. The initial conversion rate is 1.4872 shares per $1,000 principal amount of notes, equating to an initial conversion price of approximately $672.40 per share, which represents a 55% premium over the recent average stock price.
🎉 Exciting news for our S8 players - Blue Snitches have landed!
Your eMDBL holdings have transformed into magical Blue Snitch, with our top hodlers receiving up to 5 of these precious rewards!
📊 Distribution Breakdown:
• Top 20% (Elite): 5 Snitches
• Top 20-40% (Diamond): 4 Blue Snitch
• Top 40-60% (Platinum): 3 Blue Snitch
• Top 60-80% (Gold): 2 Blue Snitch
• Top 80-100% (Silver): 1 Blue Snitch
Ready to enhance your Milky Way adventure? Jump in and claim your rewards now!
🚀 https://t.co/YVU2mmKQvM
#MOBOX #DragonverseNeo #Web3Gaming