From NASDAQ:

MicroStrategy Inc. announced the pricing of $525 million in convertible senior notes, due in 2031, with an option for an additional $78.75 million. The notes will accrue interest at 0.875% per annum and mature on March 15, 2031. MSTR plans to use the proceeds, expected to be around $515 million, to acquire more bitcoin and for general corporate purposes. The initial conversion rate is 0.4297 shares per $1,000 principal amount, with an initial conversion price of approximately $2,327.21 per share. The notes will pay interest semi-annually on March 15 and September 15 of each year starting September 15, 2024.



Read more at NASDAQ: MicroStrategy Announces Pricing Of Convertible Senior Notes Of $525 Mln