** 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
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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