Microstrategy has issued $1.01 billion in bonds to buy more BTC. The bonds are issued with a coupon of 0.625% and a 40% conversion premium.
The company currently has 244,800#BTCon its balance sheet, worth about $15.5 billion. The "paper profit" in this amount is more than $5 billion.#Microstrategycontinues to follow a simple strategy: borrow (through bonds) a depreciating asset with an unlimited supply (USD) to buy an appreciating asset with a limited supply (BTC).
