(Bloomberg) -Microstrategy Inc. He has raised $ 563 million using a debt -like capital offer to help finance his More Bitcoin purchase.

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The preferential action of the perpetual strike was sold for $ 80 the piece, below the $ 100 settlement preference per action, a sign that the agreement was kinder to the investors than when initially launched to merchants and retail institutions, according to a statement on Friday. The action will pay the investors a fixed 8% coupon and has a conversion price of $ 1,000, which would require almost tripli action since Thursday’s closure.

The agreement increased more than double the initial target of $ 250 million. Microstrategy announced earlier this month that he could use perpetual favorite offers to raise up to $ 2 billion in the first quarter.

The structure is an offer of news for the company of Michael Sylor, which has used more traditional convertible debt sales and sales of quotas in the market to raise cash to buy Bitcoin. The offer calls for a wider range of investors, including those seeking relatively high performance, particularly compared to their recent convertible notes that brought 0%coupons.

The perpetual preferential action will be greater than the common class A actions and offers a regular quarterly dividend from March 31, according to a presentation of the United States Securities and Exchanges Commission. The dividend can be paid in cash or shares, according to the files.

The Tysons Corner, Virginia Enterprise Software Company, has grouped billions from a plan presented in October, which would raise $ 42 billion through diluted offers.

The company started buying Bitcoin in 2020 as an inflation coverage and alternative to the possibility of cash. It currently has about $ 50 billion in the testimony. Sylor, Microstrategy President and co -founder, has been increasing the purchase of the cryptocurrency signing since the election of the President of the United States, Donald Trump, a great defender of the digital assets industry.

Barclays, Moelis & Company LLC, Big, TD Cowen and Keefe, Bruyette and Woods were the managers of the agreement.

-With the assistance of Monique Mulima.

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