MicroStrategy shares are up 46% this month and are up more than 460% in 2024, according to Bloomberg.
Bitcoin's gains and MicroStrategy's convertible bond market performance have had a positive impact on the convertible bond market, helping the asset class recover from the 2022 tech stock crash.
Schroders’ Carrell warned that a surge in issuance due to rising cryptocurrency prices could lead to “industry concentration” and that the market could become too dependent on the swings of specific sectors, repeating the wild swings of 2022.
