MicroStrategy Incorporated has successfully completed a private offering of convertible senior notes, raising $603.75 million in aggregate principal amount, which includes the exercise of an option by initial purchasers to acquire an additional $78.75 million in notes. The offering, completed on March 18, 2024, featured a 0.875% coupon and a conversion premium of approximately 40% over the average stock price on March 14, 2024. The net proceeds for MicroStrategy amounted to approximately $592.3 million. The company also announced the acquisition of approximately 9,245 bitcoins between March 11 and March 18, 2024, at an average price of $67,382 per bitcoin, inclusive of fees and expenses. This purchase was made using the proceeds from the offering and an additional $30.7 million of excess cash. As of March 18, MicroStrategy and its subsidiaries hold approximately 214,246 bitcoins, purchased at an average price of $35,160 per bitcoin, totaling approximately $7.53 billion.

MicroStrategy Incorporated has successfully completed a private offering of convertible senior notes, raising $603.75 million in aggregate principal amount, which includes the exercise of an option by initial purchasers to acquire an additional $78.75 million in notes. The offering, completed on March 18, 2024, featured a 0.875% coupon and a conversion premium of approximately 40% over the average stock price on March 14, 2024. The net proceeds for MicroStrategy amounted to approximately $592.3 million. The company also announced the acquisition of approximately 9,245 bitcoins between March 11 and March 18, 2024, at an average price of $67,382 per bitcoin, inclusive of fees and expenses. This purchase was made using the proceeds from the offering and an additional $30.7 million of excess cash. As of March 18, MicroStrategy and its subsidiaries hold approximately 214,246 bitcoins, purchased at an average price of $35,160 per bitcoin, totaling approximately $7.53 billion.