MicroStrategy (MSTR) said Monday it completed its private offering of $2 billion of 0% convertible senior notes due March 1, 2030.

The company also said it gave the initial buyers a five business-day option to purchase up to an additional $300 million total principal amount of the notes.

The net proceeds were about $1.99 billion, which are expected to be used for general corporate purposes, including bitcoin acquisition and for working capital, the company said.

Shares of MicroStrategy were down more than 1% in recent trading.

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