Read on to discover how these moves could shape MicroStrategy’s next big chapter.
The company has informed the trustee that it plans to redeem approximately $1.05 billion in outstanding notes on February 24, 2025. Noteholders can convert their investments into MicroStrategy’s Class A common stock until 5:00 p.m. New York City time on February 20, 2025. The conversion rate is set at 7.0234 shares per $1,000 principal, which works out to $142.38 per share. Any fractional shares will be settled in cash.
In another important development, MicroStrategy’s shareholders recently approved a plan to increase the number of authorized shares, which will help the company grow its Bitcoin holdings. The total number of MSTR shares will rise from 330 million to 10.3 billion, supporting the company’s strategy to acquire more Bitcoin as part of its long-term financial plan.
MicroStrategy has also been actively expanding its Bitcoin portfolio. It recently purchased 11,000 BTC, bringing its total holdings to 461,000 bitcoins, worth around $47 billion at current prices. This latest acquisition was funded by issuing and selling additional shares.
MicroStrategy’s aggressive Bitcoin acquisition strategy has already resulted in a 2,500% gain in its stock since 2022. The company is expected to continue acquiring Bitcoin in 2025, positioning itself for even more growth in the future.
MicroStrategy’s long-term vision is becoming clearer: to dominate the digital asset world.
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