0.625% Senior Convertible Notes
MicroStrategy (MSTR) considers itself the world’s first Bitcoin development company. They are a publicly-traded operating company committed to the continued development of the bitcoin network through activities in the financial markets, advocacy and technology innovation. As an operating business, they are able to use cashflows as well as proceeds from equity and debt financings to accumulate bitcoin, which serves as their primary treasury reserve asset. They also develop and provide industry-leading AI-powered enterprise analytics software that promotes their vision of Intelligence Everywhere, and are using their software development capabilities to develop bitcoin applications.