MicroStrategy has announced the completion of its offering of convertible senior notes due 2028, totaling $1.01 billion. The notes were sold to qualified institutional buyers and carry an interest rate of 0.625% per year. They will mature on September 15, 2028, unless redeemed or converted earlier. The initial conversion rate is 5.4589 shares of MicroStrategy's class A common stock per $1,000 principal amount, with a conversion price of $183.19 per share. The net proceeds of $997.4 million will be used to redeem outstanding Senior Secured Notes and acquire additional bitcoin.



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