Odaily Planet Daily News According to official news, MicroStrategy announced the pricing of 2.25% convertible senior notes with a total principal amount of US$700 million due in 2032, which will be sold to qualified institutional sellers in a private placement. MicroStrategy also granted the initial purchasers of the notes the option to purchase up to US$100 million in total principal within 13 days from the date of the first issuance of the notes. This issuance is larger than the previously announced issuance of US$500 million in total principal amount of notes and is expected to end on June 17, 2024, subject to customary closing conditions. It is reported that the initial conversion rate of this note is 0.4894 shares of MicroStrategy's Class A common stock for every $1,000 principal amount of the note, and the initial conversion price is equivalent to approximately $2,043.32 per share, which is approximately 35% higher than the composite volume-weighted average price of MicroStrategy's Class A common stock from 9:30 a.m. to 4:00 p.m. Eastern Daylight Time on Thursday, June 13, 2024 (US$1,513.46).