MicroStrategy Incorporated announced its intent to redeem its 0.0% Convertible Senior Notes due 2027, totaling approximately $1.05 billion. The redemption is scheduled for February 24, 2025, at a price equal to 100% of the principal amount plus any accrued special interest.

Holders of the notes may opt to convert them into shares of MicroStrategy's class A common stock at a conversion rate of 7.0234 shares per $1,000 principal amount (equivalent to a conversion price of $142.38 per share) by February 20, 2025. The company has elected to satisfy conversion obligations through the delivery of shares, along with cash for fractional shares.

The redemption notice does not constitute an offer or solicitation to buy or sell the notes. Forward-looking statements in this announcement are subject to risks, including market conditions and completion of the redemption. MicroStrategy reserves the right to update or modify these statements as necessary.