
MicroStrategy, a company that has transitioned from a modest software company to a significant player in the cryptocurrency space, has announced its plans to further increase its Bitcoin holdings. The company intends to offer $525 million of convertible senior notes due in 2031 at an interest rate of 0.875% in a private offering, aiming to use the proceeds to purchase more Bitcoin by March 18. This move comes as the second such offering in less than 10 days, signaling an aggressive strategy towards cryptocurrency investment. MicroStrategy's CEO, Michael Saylor, known for his bullish stance on Bitcoin, has shown no signs of halting the company's Bitcoin acquisitions, with the company now holding approximately 205,000 bitcoins, valued at around $14.5 billion. This strategy has not only increased MicroStrategy's market cap to almost $30 billion but also positioned the company as a proxy for Bitcoin investments, despite the existence of Bitcoin ETFs.













$MSTR continues to be a btx proxy that is confusing the heck out of everyone. Their btc holding value is = $14.22B Stocks market cap is = $30.12B Their legacy business brings in $496M in annual revenue. Give them a 10x p/s for shits and giggles, that’s still almost 80% in btc…
Will end in tears once again. Now that Bitcoin ETFs exist there is zero reason to buy/hold $MSTR which is now by far the most expensive $BTC etf https://t.co/dSYXs78TQp
MicroStrategy's bonds are up big, with every single one of their convertibles now trading at a premium. Their December 2020 issue is trading at a staggering $421.52. Adding bitcoin to their corporate treasury is the greatest decision in the history of corporate finance. https://t.co/6H7rfSDo7t