MicroStrategy plans to price $600 million of convertibles due 2027

By Rebecca Melvin

New York, Feb. 16 – MicroStrategy Inc. said it plans to offer $600 million of convertible senior notes due 2027 in a private offering, according to a market sources on Tuesday.

The proceeds of the notes will be used to acquire additional Bitcoin.

Further details were not immediately available.

The company issued $650 million of convertible debt in December with the proceeds used to purchase Bitcoin also.

The business intelligence and analytics company is based in Tysons Corner. Va.

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