MicroStrategy completes $3,000,000,000 offering of 0% convertible senior notes due 2029
- The net proceeds from the sale of the notes were approximately $2.97 billion, after deducting the initial purchasers' discounts and commissions and estimated offering expenses payable by MicroStrategy.
- MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoin and for general corporate purposes.