March 9, 2021
Business News

MicroStrategy Completes $650 Million Offering of 0.750% Convertible Senior Notes Due 2025

TYSONS CORNER, Va.–()–MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy”) today announced the closing of its previously announced offering of 0.750% convertible senior notes due 2025 (the “notes”). The aggregate principal amount of the notes sold in the offering was $650 million, which includes notes issuable pursuant to an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $100 million aggregate principal amount of the notes granted to the initial purchaser of the notes, which the initial purchaser exercised in full on December 9, 2020 and which additional purchase was also completed today. The notes were…

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