**MicroStrategy Completes $1.01 Billion Convertible Notes Offering**

MicroStrategy has wrapped up a $1.01 billion offering of 0.625% convertible senior notes due 2028. The company plans to use part of the proceeds to buy more Bitcoin and to redeem $500 million in Senior Secured Notes, freeing up collateral, including 69,080 BTC.

Key points:

- The offering targeted institutional investors.

- Notes can convert into cash or MicroStrategy stock.

- Interest rate: 0.625% annually, paid semi-annually.

- Initial conversion rate: 5.4589 shares per $1,000 principal, translating to $183.19 per share.

Stay tuned for updates on this developing story.