08:38 AM EST, 01/24/2025 (MT Newswires) -- MicroStrategy ( MSTR ) said Friday that it has delivered a notice of full redemption to the trustee of its outstanding 0.0% convertible senior notes due 2027 on Feb. 24.

The total amount of notes being redeemed is $1.05 billion, the company said.

The redemption price is equal to 100% of the principal plus any accrued or unpaid special interest, the company said.

The notes are convertible before Feb. 20 at a conversion rate of 7.0234 MicroStrategy ( MSTR ) shares per $1,000 of principal, the company said.