【CoinShares: MicroStrategy's $42 Billion Bitcoin Acquisition Strategy Presents Certain Risks】 According to Golden Finance, CoinShares stated in a research blog that MicroStrategy's (MSTR) ambitious plan to purchase $42 billion worth of Bitcoin (BTC) is not without risks. CoinShares indicated that the success of MicroStrategy's Bitcoin acquisition plan depends on various factors. Analysts believe that the software company needs to 'maintain favorable financing conditions and requires demand for its convertible notes.' The cost of debt repayment is also rising. CoinShares noted that in 2021, MicroStrategy was able to raise debt through zero-interest convertible bonds, but since then, the coupon rates have been increasing with the issuance of new bonds. CoinShares indicated that the company's 'Bitcoin business may have surpassed its software business,' and added that cash flow from traditional business may not be sufficient to cover future coupon payments.

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