BUZZ-Bitcoin hoarder Strategy shares up as $2 bln 0% convertible bond deal priced

Shares of Strategy MSTR.O, co formerly known as MicroStrategy, up 1.5% at $323.40 premarket after securing capital raise to load up on more bitcoin

Tysons Corner, Virginia-based software firm announces pricing of $2 bln 0% 5-yr convertible bond offering

Initial conversion price of $433.43 represents 35% premium to the VWAP of MSTR shares from 1:30 p.m. ET through market close on Feb 19

Co plans to use net offering proceeds for general purposes, including acquisition of bitcoin BTC= and working capital

Earlier this month, co reported a fourth consecutive quarterly loss and booked $1 bln impairment charge on its stockpile of the world's largest cryptocurrency

MSTR last year more than doubled its bitcoin holdings via combination of debt and equity deals

On Tues, co disclosed it held approx 478,740 bitcoins bought at avg price of $65,033, as of Feb 17

With BTC currently trading around $97,500, MSTR's bitcoin stash valued at ~$46.7 bln

MSTR shares have market cap of ~$83.5 bln, based on premarket levels

Through Weds close, stock up 10% YTD vs 5% gain in Nasdaq 100 .NDX. MSTR shares have more than quadrupled over the past year