MicroStrategy, now named Strategy, has revealed the details of a $2 billion loan that it plans to use to buy more Bitcoin. The company is offering 0% convertible senior notes due in 2030 to institutional investors. The transaction is expected to close soon, subject to standard conditions. The notes do not carry interest or accrue principal and mature in 2030 unless converted, redeemed, or repurchased earlier. Strategy has the option to redeem the notes for cash in 2027 if its stock price exceeds a certain threshold. The company plans to use the proceeds for general corporate purposes, with a focus on Bitcoin acquisitions. Strategy currently holds 478,740 BTC valued at around $46.61 billion, with an average purchase price of $65,101 per BTC. Some market observers remain skeptical of the strategy, believing it will only work if the price of BTC continues to rise.



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