ChainCatcher news, MicroStrategy announced the pricing of its 2.25% convertible senior notes ("notes") with a total principal amount of $700 million due in 2032. The notes will be sold in a private placement to persons who are reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the "Securities Act").

MicroStrategy also granted the initial purchasers of the notes the option to purchase up to $100 million in total principal of the notes within 13 days from the date of the first issuance of the notes. This issuance is larger than the previously announced issuance of $500 million in total principal of notes.

The issuance is expected to close on June 17, 2024, subject to customary closing conditions.