Strategy unveils $2 bln convertible offering to buy more bitcoin; shares tick lower
** Shares of Strategy , 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 ** 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