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MicroStrategy wants more Bitcoin

Currently holds $MSTR (-6,56%)
478,740 bitcoinswhich is more than any other company in the world. The current market value of these is around 49 billion US dollars. Michael Saylor is not afraid and is sticking to his own plan, because the next convertible bond issue is just around the corner.

Strategy announced in a press release on Thursday that it will raise a further 2 billion US dollars for Bitcoins by issuing a convertible bond.

The current market capitalization of $MSTR (-6,56%) amounts to approx. 82 billion US dollars.

14 Comentários

Enrique@Dividenden_Monteur

It should be said that convertible bonds are not necessarily the best thing for shareholders or for shareholder value.

It would be interesting to know at what share price the bonds are issued.

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Timo@Aktienorang-Utan

@Dividenden_Monteur thanks, you're right 🙂

5-year holding period at a price of 433.43 US dollars.

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Enrique@Dividenden_Monteur

@Aktienorang-Utan significantly better than in November, when it was $672.

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Timo@Aktienorang-Utan

@Dividenden_Monteur definitiv.

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Epi@Epi

I always ask myself at $MSTR why I should spend 82 billion on BTC worth 49 billion.
If I buy BTC for 82k and borrow 33k, I'm better off, aren't I?

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Yoshika@Yoshika

22H

@Epi Michael Saylor refinances cheaper than the ECB... you pay more for your loan than Greece.

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Stefan21@stefan_21

17H

@Epi The difference is that with MSTR you are promised a "box" that is filled with more and more Bitcoin over time.
The premise of Strategys BTC purchases is that they only buy Bitcoin if they can increase the BTC/share ratio - even if they issue new shares to do so.
And that's the difference between buying MSTR and buying BTC with debt :)

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Richard@-Richard-

16H

@stefan_21 By BTC/share ratio, you mean that you hold more and more bitcoins per share over time, right? MSTR would therefore not issue more shares according to its own premises in order to lower this value. Did I understand that correctly?

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Stefan21@stefan_21

16H

@-Richard- Exactly. The aim is to have more Bitcoin per share after each purchase than before.

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Simone B.@TheRealSimone

18H

Dangerously sound like a bubble honestly... Those convertible bonds/stocks seems alot like: "oh you can always have company shares if you like". What I'm wondering is... What if there will be a bear market for some reason? With a BTC dropping his value you will have shares that drop alot of value and at a certain point the bonds that won't be covered by company assets (since mainly based on BTC). Then?

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K@TechNav

17H

They hold Monopoly money

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Raphael Okoye@Rafffa

14H

Why buy this stock when you can just buy Bitcoin. I don't understand.

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Julian@MoneyISnotREAL

14H

@Rafffa I suspect some institutional investors are not allowed to hold Bitcoin directly.

We as 0815 private investors are just peanuts in the overall market anyway.

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Raphael Okoye@Rafffa

14H

I understand that. But why do you invest there as a private investor when you can simply buy Bitcoin?

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