Business intelligence firm MicroStrategy announced a $875 million convertible note offering, primarily to buy more Bitcoin and redeem existing debt. This move solidifies their position as the largest corporate Bitcoin holder and demonstrates their continued commitment to the digital asset.
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MicroStrategy, known for its Bitcoin holdings, announced a $700 million convertible note offering. While the company plans to use the proceeds for Bitcoin purchases and general corporate purposes, the news triggered a decline in its stock price after-hours.
JetBlue Airways Corporation (JBLU) stock is down today following the announcement of a $400 million convertible senior notes offering. The company plans to use the proceeds to repurchase existing debt and cover related fees. Learn how to buy JetBlue shares through ETFs and 401(k) strategies.
Core Scientific Inc. (CORZ) shares declined on Tuesday after the company announced a proposed offering of $350 million in convertible senior notes. The company plans to use the proceeds to repay outstanding loans and redeem its senior secured notes due in 2028. This move comes as Core Scientific faces financial pressure in the cryptocurrency mining industry.