Golden Finance reported that MicroStrategy announced today that part of the proceeds from its issuance of 0.625% convertible senior notes ("notes") due in 2028 with a total principal amount of $875 million will be used to purchase Bitcoin. The issuance is expected to end on September 19, 2024. MicroStrategy intends to use the net proceeds of this issuance to redeem the entire $500 million outstanding principal amount of MicroStrategy's 6.125% senior secured notes due in 2028 (senior secured notes), and use the balance of the net proceeds to purchase additional Bitcoin and for general corporate purposes.