According to BlockBeats, on September 18, MicroStrategy announced that it would increase the convertible senior notes to raise $875 million. The offering is expected to be completed on September 19, 2024. 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 each year, starting on March 15, 2025.

BlockBeats previously reported that MicroStrategy said on September 17 that it plans to privately issue $700 million aggregate principal amount of convertible senior notes due 2028 (the "Notes") to qualified institutional buyers in compliance with Rule 144A of the Securities Act of 1933, as amended (the "Securities Act").