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(Reuters) -MicroStrategy is planning to raise capital through convertible bonds offering to buy bitcoin for the second time in less than 10 days, as the aggressive crypto investor looks to ...
Borrow money through convertible debt. Buy Bitcoin to drive prices higher.Sell new stock to buy more Bitcoin. Wash, rinse, repeat. This has been MicroStrategy's (NASDAQ:MSTR) business strategy ...
This week, MicroStrategy closed on a $3 billion convertible note with a 0% interest rate due in 2029. A convertible note is a debt offering that can be converted into common stock if the stock is ...
MicroStrategy (NASDAQ: MSTR) Q4 2024 Earnings Call ... we now have $6.2 billion of unsecured convertible debt outstanding with a blended interest rate of approximately 0.56% with staggered stated ...
MicroStrategy (NASDAQ: MSTR) Q3 2024 Earnings Call Oct 30, 2024, 5:00 p.m. ET. ... we now have $4.3 billion of unsecured convertible debt outstanding with a sub 1% blended interest rate of 0.81% ...
On December 11, 2020, MicroStrategy announced that it had sold $650 million in convertible senior notes, taking on debt to increase its Bitcoin holdings to over $1 billion worth. On December 21, 2020, MicroStrategy announced their total holdings include 70,470 bitcoins purchased for $1.125 billion at an average price of $15,964 per bitcoin. [26]
In that case, MicroStrategy would have a market capitalization closer to $105.1 billion, and once you add its net debt of $4.2 billion, you will get an adjusted enterprise value of $109.3 billion.
MicroStrategy began investing in Bitcoin in 2020, under the guidance of Saylor, tapping capital markets—selling additional shares in the company and issuing convertible debt—to raise enough ...