MicroStrategy, Inc. MSTR shares are climbing after-hours after the company announced it completed its previously announced offering of its 0% convertible senior notes due 2029. The Details: MicroStrategy said the aggregate principal amount of the notes sold in the offering was $3 billion, which includes $400 million aggregate principal amount of notes issued pursuant to an option to purchase. Read More: Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally The net proceeds from the sale of the notes were approximately $2.97 billion, after deducting the initial purchasers' discounts and commissions and estimated offering expenses payable by the company. MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional Bitcoin BTC/USD and for general corporate purposes. MicroStrategy holds a total of 331,200 Bitcoin purchased at an average price of approximately $49,874 per coin as of Nov. 17.