Golden Finance reported that according to official news, MicroStrategy® Incorporated (Nasdaq: MSTR) announced that, subject to market conditions and other factors, the company plans to privately issue $700 million in total principal convertible senior notes due in 2028 (the "Notes") to qualified institutional buyers who have reason to believe that they meet Section 144A of the Securities Act of 1933, as amended (the "Securities Act"). MicroStrategy also expects to grant the initial purchasers of the Notes an option to purchase up to $105 million in total principal of the Notes within 13 days from the date of the first issuance of the Notes. The issuance is subject to market and other conditions, and there is no guarantee whether, when or under what conditions the issuance will be completed. The Notes will be MicroStrategy's unsecured senior debt and will bear interest, payable semi-annually on March 15 and September 15 of each year, starting from March 15, 2025. Unless repurchased, redeemed or converted in advance in accordance with their terms, the Notes will mature on September 15, 2028. Subject to certain conditions, on or after December 20, 2027, MicroStrategy may redeem all or a portion of the notes for cash.