PANews reported on January 24 that MicroStrategy plans to redeem all of its $1.05 billion convertible senior bonds due in 2027 and settle all conversion requests in the form of stock. Bondholders can convert the bonds into 7.0234 shares of common stock (conversion price is $142.38 per share) at a par value of $1,000 before February 20, 2025. The redemption date is set for February 24, 2025, and the company will pay the principal of the bonds and unpaid special interest during the redemption period.