Odaily Planet Daily News According to official news, MicroStrategy announced the pricing of its convertible senior notes due in 2028, with a total principal amount of US$875 million, an increase from the previously announced total principal amount of US$700 million. These notes will be MicroStrategy's unsecured senior debt, with an interest rate of 0.625% per year, payable semi-annually on March 15 and September 15 of each year starting from March 15, 2025. These notes will be sold in private placements to institutional buyers who have reason to believe that they are qualified. MicroStrategy also grants the initial purchasers of the notes the option to purchase up to US$135 million in total principal within 13 days from the date of the initial issuance of the notes. In addition, the issuance is expected to be completed on September 19, 2024, subject to customary closing conditions.