According to Foresight News, MicroStrategy has completed a large-scale issuance of $1.01 billion in convertible notes with a coupon of 0.625% and a conversion premium of 40%. After deducting the discounts and commissions of the initial purchasers and the estimated issuance expenses payable by MicroStrategy, the net proceeds from the sale of the notes were approximately $997.4 million. MicroStrategy intends to use the net proceeds from the sale of the notes to fully redeem the entire outstanding principal amount of MicroStrategy's 6.125% senior secured notes due in 2028, totaling $500 million, and use the balance of the net proceeds to acquire additional Bitcoin and for general corporate purposes.