{"id":127730,"date":"2024-11-19T18:41:49","date_gmt":"2024-11-19T11:41:49","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=127730"},"modified":"2024-11-19T18:41:49","modified_gmt":"2024-11-19T11:41:49","slug":"microstrategy-plans-1-75-billion-convertible-notes-offering-to-expand-bitcoin-holdings","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=127730","title":{"rendered":"MicroStrategy Plans $1.75 Billion Convertible Notes Offering to Expand Bitcoin Holdings"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58\">\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The early bird gets the worm, or so the adage goes. In the case of MicroStrategy, it&#8217;s been just over four years of steadily stacking Bitcoin\u2014and it wants more.<\/span><span style=\"font-weight:400\"><br \/><\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">MicroStrategy said Monday evening that it <\/span><a href=\"https:\/\/www.microstrategy.com\/press\/microstrategy-announces-proposed-private-offering-of-1-75b-of-convertible-senior-notes_11-18-2024\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">plans to raise $1.75 billion<\/span><\/a><span style=\"font-weight:400\"> through convertible notes to buy more of the world\u2019s largest crypto and for \u201cgeneral corporate purposes.\u201d\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The zero-interest senior notes will mature in 2029 and be offered to qualified institutional buyers. If everything goes according to plan, the company could get its hands on up to 19,000 additional Bitcoin.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The business intelligence and software company has wasted no time putting its recent purchases to work. <\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">On Monday, MicroStrategy <\/span><a href=\"https:\/\/decrypt.co\/292097\/microstrategy-bought-4-6-billion-bitcoin\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\"><span style=\"font-weight:400\">bought another $4.6 billion worth of Bitcoin<\/span><\/a><span style=\"font-weight:400\">, bringing its total holdings to 331,200 BTC \u2014 now worth over $30 billion at current prices.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Data from MSTR Tracker shows that the company now <\/span><a href=\"https:\/\/www.mstr-tracker.com\/\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">owns 1.58%<\/span><\/a><span style=\"font-weight:400\"> of the total maximum supply of 21 million BTC with an average cost of $49,874 per coin.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The notes won&#8217;t pay regular interest and can be converted into cash, MicroStrategy stock, or a mix of both. The company may also give initial buyers an option for an extra $250 million in notes within three days, it said.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Wall Street has taken notice, too. Vanguard Group and Capital International Investors grabbed 15.9 and 15.8 million MicroStrategy shares each last quarter, <\/span><a href=\"https:\/\/fintel.io\/so\/us\/mstr\/vanguard-group\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">filing data<\/span><\/a><span style=\"font-weight:400\"> from Fintel <\/span><a href=\"https:\/\/fintel.io\/so\/ch\/miga\/capital-international-investors\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">shows<\/span><\/a><span style=\"font-weight:400\">. Morgan Stanley has also jumped aboard, buying up <\/span><a href=\"https:\/\/fintel.io\/so\/us\/mstr\/morgan-stanley\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">8.8 million shares<\/span><\/a><span style=\"font-weight:400\"> on Thursday, representing a 1,126% increase from the previous quarter.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">MicroStrategy&#8217;s aggressive Bitcoin strategy is paying off.\u00a0 While the world\u2019s largest crypto is up 112% this year, the company&#8217;s stock, MSTR, has soared 485%, <\/span><a href=\"https:\/\/portfolioslab.com\/tools\/stock-comparison\/MSTR\/BTC-USD\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">data<\/span><\/a><span style=\"font-weight:400\"> from Portfolios Lab shows.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Notably, the same data indicates that MSTR has a higher volatility of 32% compared to Bitcoin&#8217;s 16%. The firm&#8217;s stock closed trading Monday at $384, boasting a $78 billion market capitalization.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Between its massive Bitcoin holdings and growing Wall Street support, MicroStrategy has transformed from a business intelligence company to what it calls \u201c<\/span><a href=\"https:\/\/www.microstrategy.com\/investor-relations\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">the world&#8217;s first and largest Bitcoin treasury company<\/span><\/a><span style=\"font-weight:400\">.\u201d<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">In October, the firm revealed its ambitious &#8220;21\/21&#8221; plan to <\/span><a href=\"https:\/\/decrypt.co\/289245\/microstrategy-plans-raise-42b-buy-more-bitcoin\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\"><span style=\"font-weight:400\">raise $42 billion over three years<\/span><\/a><span style=\"font-weight:400\"> for more Bitcoin purchases, split evenly between stocks and bonds. <\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The company said it will discuss its latest offering in a webinar on Tuesday morning, though only qualified institutional buyers can attend.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><i>Edited by <a href=\"https:\/\/decrypt.co\/author\/sebastian\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\">Sebastian Sinclair<\/a><\/i><\/p>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-start p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\"\/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\"\/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl md:text-center gg-dark:text-white\">Daily Debrief<!-- --> Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/decrypt.co\/292263\/microstrategy-plans-1-75-billion-convertible-notes-offering-to-expand-bitcoin-holdings\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The early bird gets the worm, or so the adage goes. In the case of MicroStrategy, it&#8217;s been just over four years of steadily stacking Bitcoin\u2014and it wants more. MicroStrategy &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=127730\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-127730","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/127730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127730"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/127730\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}