The debt is raised using unsecured convertible notes. This gives max flexibility to MSTR and doesn’t restrict its ability to sell BTC if it needs to. If I were Saylor I would not touch the BTC and just convert the notes to equity if I’m not in a cashflow position to redeem.
https://www.microstrategy.com/press/microstrategy-completes-603-million-offering-of-0875-convertible-senior-notes-due-2031_03-19-2024
Ajax /
npub1vc…tkxyw
2024-04-09 16:09:00
in reply to nevent1q…74xw
Author Public Key
npub1vcfs2z24y2sc5yy4k7uxsa80vxx6n3w3hf054um4dz8zz2wqwvtsgtkxywPublished at
2024-04-09 16:09:00Event JSON
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"content": "The debt is raised using unsecured convertible notes. This gives max flexibility to MSTR and doesn’t restrict its ability to sell BTC if it needs to. If I were Saylor I would not touch the BTC and just convert the notes to equity if I’m not in a cashflow position to redeem.\n\nhttps://www.microstrategy.com/press/microstrategy-completes-603-million-offering-of-0875-convertible-senior-notes-due-2031_03-19-2024",
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