Summary
TLDR: The convertible senior notes will have an interest rate of 0.875% per annum compared to 0.625%, with a conversion rate of $2,327.31 per share representing a 40% premium on MSTR’s average price of $1662.20.
Key Points
1. The convertible senior notes will have an interest rate of 0.875% per annum, higher than the 0.625% rate of a recent $800 million debt sale.
2. The conversion rate of the new notes will be $2,327.31 per share, representing a premium of approximately 40% on MSTR’s Thursday average price of $1662.20.
3. This new debt offering indicates investor confidence in MSTR’s future growth and potential, as reflected in the premium conversion rate.