🚀 MicroStrategy Announces Redemption Of $1.05 Billion Notes
#MicroStrategy #Redemption #Notes #Investors #Equity #Bondholders #CommonStock #Conversion
According to Odaily, MicroStrategy has issued a redemption notice to trustees for notes totaling approximately $1.05 billion in principal. This amount equals the total principal of notes already repaid and the total holdings of investors. The notice calls for the redemption of all outstanding notes by February 24, 2025, and requests that all conversion requests be settled in equity. Bondholders have the option to convert their notes into 7.0234 shares of common stock per $1,000 face value at a conversion price of $142.38 per share by February 20, 2025.#MicroStrategy #Redemption #Notes #Investors #Equity #Bondholders #CommonStock #Conversion