Conversion Ratio (MSTR)
The number of common shares receivable per convertible security upon exercise.
What is Conversion Ratio (MSTR)?
Conversion ratio is the par value of a convertible security divided by the conversion price, determining shares issued on conversion. For Strategy’s notes, ratios range from 1.49 (2029) to 6.68 (2030 A), all in-the-money as of 2025.
Adjustments occur for splits or dividends to maintain value.
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