$97,347.00
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0.00%$3,363.55
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12.94%$0.356742
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-3.18%$457.38
1.29%$9.34
-0.21%$13.68
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-0.31%$10.12
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-4.95%$0.04575284
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-0.47%$3.67
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-5.78%$1.037
-11.61%$0.119298
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-4.90%$0.00003005
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1.22%$0.929522
-11.29%$3,367.38
-3.14%$97,360.00
-0.09%$20.67
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-5.52%$1.89
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-3.03%$2.23
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-10.49%$3,467.40
-3.12%$0.996204
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19.91%$13.18
-0.32%$0.00016747
-7.30%$0.03301617
-5.76%$109.45
-3.19%$3,529.93
-3.51%$1.70
-2.41%$0.02739264
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-0.03%$0.365604
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2.10%$0.223661
-5.15%$97,094.00
-0.27%$4.44
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-6.50%$3,459.33
-3.05%$0.801099
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-4.84%$186.73
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-6.81%$0.075353
0.74%$0.828122
-7.25%$1.55
-6.73%$0.710333
-5.54%$0.481271
-5.18%$0.949612
-5.18%$53.61
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-4.15%$0.00000107
-2.71%$15.89
-9.44%$0.290212
-5.27%$1.44
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-6.49%$0.80003
-5.06%$14.03
-4.75%$6.19
-4.38%$34.21
-6.23%$0.478679
-4.39%$96,383.00
-1.15%$0.4743
-6.72%$96,816.00
-0.23%$53.73
-0.25%$5.11
-5.50%$3,327.45
-3.65%$1.14
-6.81%$3.83
-9.11%$2.91
-5.25%$0.00000204
-10.94%$3.16
-6.04%$0.08459
-7.18%$3,370.51
-3.00%$0.69665
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-23.15%$0.99927
0.00%$0.158134
-5.38%$0.26534
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-4.61%$81.90
-4.44%$3,364.51
-3.16%$194.62
-6.47%$1.91
-7.18%$2.38
-6.66%$0.718378
-12.50%$1.54
-3.14%$266.34
-2.09%$0.737418
2.13%$0.00003454
-4.34%$2.01
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-5.12%$97,383.00
0.69%$0.760416
-1.35%$20.92
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-2.52%$0.00777623
-3.91%$0.00634402
-6.01%$1.44
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0.04%$0.995918
-0.03%$0.175058
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-3.54%$5.58
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2.57%$0.616647
-12.20%$3,641.25
-3.29%$0.00010843
-2.62%$0.01097055
-4.42%$18.69
-11.21%$0.573127
-16.41%$0.00
-5.83%$0.00830036
-7.16%$3,360.26
-3.21%$1.084
-3.47%$26.45
-6.39%$1.02
0.18%$0.006187
-6.38%$0.080729
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-5.92%$0.078024
-0.08%$0.384776
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-0.05%$97,414.00
-0.04%$1.13
-18.15%$2,624.46
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3.05%$96,372.00
-0.33%$1.23
-1.96%$0.00000052
-1.71%$3,343.63
-3.23%$1.002
-0.06%$31.16
-2.25%$3,365.15
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-3.14%$4.74
-2.68%$0.0492353
-9.79%$0.427513
-3.83%$97,051.00
-0.14%$0.060634
-3.37%$1.067
-0.33%$0.287217
-10.46%$0.064918
-0.77%$3,617.61
-3.22%$3,504.30
-3.51%$0.00584809
-6.91%$35.81
-6.23%$27.40
4.98%$0.00622073
-7.32%$0.00239263
-4.76%$1.99
-7.74%$0.005334
-7.87%$1.009
1.25%$5.22
-0.18%$1.082
0.24%$3.11
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-12.42%$0.02086492
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-0.61%$0.221152
-5.08%$1.00
-0.09%$0.068743
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-6.06%$3,725.29
-2.56%$0.03797896
-2.74%$0.000003
-11.75%$0.00000018
-5.67%$1.001
-0.15%$0.664494
-3.68%$2.90
-7.82%$0.875165
-3.24%$3.36
-6.28%$3,363.08
-3.22%$0.354086
-4.04%$0.03528638
-4.56%$0.134289
-8.08%$3,551.46
-3.44%$0.717991
4.56%$2.26
-17.51%$0.01036931
-6.23%$0.0368399
-0.80%$44.33
-5.87%
MicroStrategy’s thirst for Bitcoin cannot be quenched, despite holding over $31 billion worth.
Barely two days after announcing a plan to sell $1.75 billion worth of convertible notes as a means to buy up more of the world’s top cryptocurrency, the firm said on Wednesday that it has expanded that offering to $2.6 billion worth of notes.
Michael Saylor, MicroStrategy’s co-founder and executive chairman, said the move was made due to “high demand” for the new notes over the last 48 hours.
Given high demand, we upsized our $MSTR offering of 0% convertible bonds due 2029 from $1.75 billion to $2.6 billion, including a $400 million greenshoe option, and priced it at a 55% conversion premium.
— Michael Saylor⚡️ (@saylor) November 20, 2024
As with those initially offered on Monday, the additional zero-interest senior notes announced today will mature in 2029 and are available only to qualified institutional buyers. They will be eventually redeemable for cash, MicroStrategy stock, or a mix of both.
That’s a mighty tempting offer for many Wall Street investors, given the recent, explosive growth of MicroStrategy’s stock. The company, which owns over 331,000 BTC—1.58% of the token’s total possible supply—has seen its stock balloon by over 870% in the last year, in the wake of Bitcoin’s surge. Earlier this month, the stock reached an all-time high.
If MicroStrategy manages to raise another $2.6 billion to buy up more Bitcoin, it would be able to purchase some 27,450 BTC at current prices.
While MicroStrategy once billed itself as a business intelligence and software company, the company’s bold Bitcoin wager has upended not just its value to shareholders, but also the way it now sees itself: as the “world’s first and largest Bitcoin treasury company.”
Edited by Andrew Hayward
