Michael Saylor, the founder of MicroStrategy, stated on social media that MicroStrategy has completed the issuance of $800 million in convertible notes, with an interest rate of 0.625% and a conversion premium of 42.5%. After deducting discounts and commissions for initial buyers and estimated issuance expenses payable by MicroStrategy, the net proceeds from the sale of the notes are approximately $782 million. MicroStrategy will use the net proceeds from the sale of the notes to purchase additional Bitcoin.
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