MicroStrategy has completed a $1.01 billion offering of 0.625% convertible senior notes. A portion of these notes will be used to purchase Bitcoin.

- The offering is aimed at institutional investors and can be converted into cash or MicroStrategy shares.

- The company plans to repay $500 million in senior secured notes.

- 7,420 Bitcoins were purchased between September 13-19.

- The notes bear an annual interest rate of 0.625% and mature in 2027.