Strategy Stock Price, News & Analysis

MicroStrategy (Nasdaq: MSTR) has successfully closed its offering of 0% convertible senior notes due 2027, raising $1.05 billion in principal, including an additional $150 million exercised by initial purchasers. The notes, maturing on February 15, 2027, may be redeemed after February 20, 2024, under specific conditions. MicroStrategy intends to use approximately $1.03 billion in net proceeds to acquire more bitcoin. The initial conversion price is set at approximately $1,432.46 per share, representing a 50% premium over its last reported stock price of $955.00.

MicroStrategy Incorporated (Nasdaq: MSTR) has priced an offering of $900 million in 0% convertible senior notes due 2027. The notes will be sold to qualified institutional buyers and may raise an additional $150 million through an over-allotment option. Net proceeds are estimated at approximately $879.3 million, aimed at acquiring more bitcoin. The notes carry a conversion rate of 0.6981 shares per $1,000 principal, equating to an initial conversion price of around $1,432.46 per share, a 50% premium over the last close of $955.00.

MicroStrategy plans to offer $600 million of convertible senior notes due 2027 to qualified institutional buyers, with the option to purchase an additional $90 million. The unsecured notes will bear interest and are convertible into cash or MicroStrategy's class A common stock. Proceeds from the offering will be used to acquire more bitcoins. The offering is subject to market conditions and has not been registered under the Securities Act.

MicroStrategy (MSTR) reported its Q4 2020 results, revealing revenues of $131.3 million, a 1.7% year-over-year decrease. The company has launched its SaaS offering, Hyper.now, while focusing on its enterprise cloud platform. Gross profit was $110.5 million, achieving an 84.2% margin. Net income fell to $2.7 million, down from $12.2 million in Q4 2019. The firm continues to invest in bitcoin, holding 70,784 bitcoins valued at approximately $1.054 billion. Operating expenses rose 11% to $110.1 million, including $26.5 million in impairment losses on digital assets.

MicroStrategy (Nasdaq: MSTR) has announced it will report its financial results for the fourth quarter of 2020 on January 28, 2021, after U.S. markets close. The company will hold a live Video Webinar at 5:00 p.m. EST to discuss these results. The event will be accessible via the investor relations section of its website. MicroStrategy is recognized as the largest independent publicly-traded business intelligence company, providing an enterprise analytics platform utilized by top global brands.

MicroStrategy (Nasdaq: MSTR) has acquired approximately 29,646 bitcoins for about $650 million, averaging $21,925 per bitcoin, as part of its Treasury Reserve Policy. This brings its total holdings to approximately 70,470 bitcoins, valued at about $1.125 billion at an average price of $15,964 per bitcoin. The CEO emphasized bitcoin as a reliable store of value, while the President & CFO highlighted the company's commitment to generating positive operating income and cash flow as they expand their business intelligence offerings.

MicroStrategy announced the closing of its offering of $650 million in 0.750% convertible senior notes due 2025. The notes will bear interest at 0.750% per annum, with a conversion rate of 2.5126 shares per $1,000 principal, equating to a conversion price of approximately $397.99 per share. MicroStrategy anticipates net proceeds of about $634.9 million, which will primarily be invested in bitcoin. The offering was made under Rule 144A and the notes are unsecured. Holders may require MicroStrategy to repurchase the notes under certain conditions.

MicroStrategy (Nasdaq: MSTR) announced the pricing of $550 million in convertible senior notes at 0.750% due 2025, expected to close on December 11, 2020. The notes are unsecured and convertible into cash or shares at MicroStrategy's discretion. Initial conversion rate is 2.5126 shares per $1,000, at a conversion price of $397.99, a 37.5% premium over the last sale price of $289.45. Net proceeds of approximately $537.2 million will be invested in bitcoin and for general corporate purposes.

MicroStrategy (Nasdaq: MSTR) has announced a planned offering of $400 million in convertible senior notes due 2025, with an option for an additional $60 million. The offering will occur under Rule 144A and is subject to market conditions. The notes will be unsecured and carry semi-annual interest payments. Proceeds will be used to invest in Bitcoin and for general corporate purposes. The offering is private and will not be registered under the Securities Act.