Jump to content
The World News Media

MicroStrategy announcement about intent to buy $650 million in Bitcoin.


admin

Recommended Posts

https://www.microstrategy.com/en/company/company-videos/microstrategy-completes-650-million-offering-of-convertible-senior-notes

This guy raised $650 million from investors (or close to it) in less than 4 days? And the people buying this debt KNEW he was going to buy bitcoin with it. 

 

 the key word here is convertibles. So let's say BTC tanks and MS shares also tank and then when the debt comes due and MS can't pay what happens is basically that the debt gets converted into stocks. But since the stock has most likely crashed that means that the bondholders get s very large share of the company. So if they feel that MS has other assets that they value this is a win win, because either they get their money back in four years or they get to buy lots of shares super cheap.

Link to comment
Share on other sites


  • Views 1.2k
  • Replies 3
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

Should rename the company MacroStrategy  

  • 4 months later...
  • 6 months later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...




×
×
  • Create New...

Important Information

Terms of Service Confirmation Terms of Use Privacy Policy Guidelines We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.