MicroStrategy co-founder Michael Saylor recently revealed that the company plans to shift towards a greater focus on fixed-income securities to raise funds for purchasing cryptocurrencies after its existing fundraising plan is exhausted. 💼
Currently, MicroStrategy supports its Bitcoin purchases through the sale of new shares and convertible bonds, a strategy that has brought considerable returns to shareholders. This year, the company's stock price has increased by approximately 500%, far exceeding Bitcoin's 150% rise. 📈
Saylor stated that the company uses regulated exchanges like Coinbase for Bitcoin transactions and plans to benefit common shareholders through smarter leverage strategies. 🔍
The interest from hedge funds in its fixed-income securities has driven the demand for MicroStrategy's issuance of $6.2 billion in convertible bonds this year.