BTC is very likely to break through 100,000 USD, a result potentially achieved through the collaboration of MicroStrategy and MARA.
Recently, MARA completed a convertible bond deal worth 850 million USD, of which 785 million USD will be used to purchase Bitcoin and related corporate acquisitions. Similar to the previous operation, most of the funds will be invested in Bitcoin purchases, and the buying action will commence immediately after fundraising is completed. An additional 50 million USD will be used to repurchase notes maturing in 2026.
MicroStrategy mentioned in its previous financial report that it plans to raise 42 billion USD over the next three years, with 21 billion in equity funding and 21 billion in fixed income bonds, aiming to acquire more Bitcoin.
Just this year, MicroStrategy has sold over 6 billion USD in convertible bonds to purchase BTC, and it still holds over 10 billion USD in stocks available for further increasing its BTC holdings.
When will this "musical feast" come to an end?
As long as MicroStrategy and MARA can continue to issue convertible bonds at a premium, there will be a continuous inflow of funds. Official residence: Yunzi Commune, Tufei Jiayun
The premium on the convertible bonds issued by MARA reached 40%. If the premium is reduced to within 10%, the room for operation may become rather limited, and the inflow of funds will face obstacles.
