MicroStrategy completes $1.01 billion convertible note offering

ChainCatcher news, according to official sources, MicroStrategy has completed the issuance of $1.01 billion convertible notes with a 0.625% coupon rate and a 40% conversion premium.

This includes $135 million of notes issued under a purchase option granted to initial purchasers according to the purchase agreement, which was granted to the initial purchasers within 13 days from the initial issuance of the notes, and the initial purchasers will fully exercise it on September 18, 2024, with additional purchases completed on September 19, 2024.