Strategy, formerly known as MicroStrategy, has announced the pricing of its $2-billion senior convertible note tranche to purchase more Bitcoin and fund operating expenses. The notes will feature a 0% coupon and mature on March 1,

Strategy (MSTR) prices $2B in 0% convertible senior notes due 2030 to fund corporate goals, including Bitcoin acquisition & working capital.

Strategy plans to raise $2 billion. The company intends to use the proceeds for general corporate purposes, including further Bitcoin acquisitions. Investors are betting on

Strategy (NASDAQ:MSTR) is offering investors better terms for its $2B issue of convertible debt, lowering the conversion premium to 35% from the previously marked 40%-50% range, Bloomberg reported, citing people familiar with the matter.