MicroStrategy has officially announced the issuance of $525 million in bonds.
They are determined to take all of your Bitcoins.
One thing you may not know is that MicroStrategy's bonds have an interest rate of only 0.875% and will mature in 2031, almost like interest-free debt... So why would an investor buy MicroStrategy's bonds with such a low interest rate when government bond yields are around 5%? The reason is that they can convert these bonds into stocks in 2030, based on the provisions in the contract.
In other words, if Michael Saylor is right, MicroStrategy's stocks will be very valuable. If not, they can still recover their capital. What Michael Saylor is doing is using that money to buy Bitcoin.
#MiscroStrategy #BTC