TechFlow reports that MicroStrategy has announced the pricing of $700 million in aggregate principal amount of 2.25% convertible senior notes, which will be sold in a private placement. The notes mature in 2032 and bear interest at a rate of 2.25% per annum, and are convertible at the holder's option into cash, shares of MicroStrategy’s Class A common stock, or a combination thereof. MicroStrategy intends to use the net proceeds from the sale of the notes to purchase bitcoin and for general corporate purposes. The offering of the notes is being conducted under a private placement memorandum and is not registered under the Securities Act of 1933, nor may they be offered or sold in the United States absent registration or an applicable exemption.
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