08:00 AM EDT, 06/13/2024 (MT Newswires) -- MicroStrategy ( MSTR ) said Thursday that it delivered a notice of redemption for all 0.750% convertible senior notes due 2025 by July 15.

The amount of principal redeemed is $650.0 million, equal to the notes outstanding and held by investors for 100% of the principal amount, plus accrued and unpaid interest up to the redemption date.

The notes are convertible until the end of the work day on July 11 at a rate of 2.5126 shares of MicroStrategy's ( MSTR ) class A common stock per $1,000 of principal.

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