MicroStrategy Prices $525M Convertible Debt to Buy More Bitcoin, Upsized from $500M

• MicroStrategy prices $525M convertible debt offering, upsized from $500M, to buy more Bitcoin • Notes have 0.875% interest rate; purchasers have option to buy additional $78.5M • Conversion rate equivalent to $2,327 per share, a 40% premium on MSTR's recent average price • Comes days after MicroStrategy priced a separate $800M debt offering at 0.625% interest • News comes as MSTR shares drop amid decline in Bitcoin price below $70,000