MicroStrategy completes $3 billion convertible note offering

ChainCatcher news, according to official information, MicroStrategy has completed the issuance of $3 billion convertible notes at a 0% coupon rate, which includes an option granted to the initial purchasers under the note purchase agreement that allows for the purchase of additional notes within 3 days from the initial issuance date, totaling $400 million.

The initial purchasers fully exercised this option on November 20, 2024, and completed the purchase of the additional notes on November 21, 2024.