BUZZ-Strategy unveils $2 bln convertible offering to buy more bitcoin; shares tick lower

Shares of Strategy MSTR.O, co formerly known as MicroStrategy, down fractionally in extended trading after announcing capital raise

Co says it's offering privately $2 bln convertible bonds due 2030

Software firm to use net proceeds for general purposes, including acquisition of bitcoin BTC=

Earlier this month, the Tysons Corner, Virginia-based co reported a fourth consecutive quarterly loss as it booked a $1 bln impairment charge on its stockpile of the cryptocurrency

MSTR, seen by some investors as a way to gain exposure to the world's largest cryptocurrency, more than doubled its bitcoin holdings last year via combination of debt and equity transactions

Shares of MSTR on Tues closed down 1.1% at $333.97, giving co ~$86.2 bln market cap

Before the bell on Tues, co disclosed in a filing, as of Feb 17, it held approx 478,740 bitcoins bought at avg price of $65,033

BTC currently trading around the $95,000 mark

MSTR shares up 15.3% YTD vs 5.5% gain in Nasdaq 100 .NDX