08:52 AM EST, 02/20/2025 (MT Newswires) -- MicroStrategy ( MSTR ) said Thursday it has priced a $2 billion private offering of 0% convertible senior notes due 2030.

The company also said it provided a five business-day option to the initial buyers to acquire up to an additional $300 million total principal amount of the notes.

The notes will mature on March 1, 2030, the company said.

Strategy intends to close the offering on Friday and expects roughly $1.99 billion in net proceeds. The company said it anticipates using the net proceeds for general corporate purposes, including the acquisition of bitcoin and for working capital.

Shares of the company were up 1.3% in recent Thursday premarket activity.