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0 sats \ 0 replies \ @Bell_curve 13 Jul \ parent \ on: How will $STRK change into $MSTR? bitcoin

Correct — it's definitely not automatic at any price threshold. Here's the precise breakdown from the prospectus:

🚫 When STRK Conversion Is & Isn’t Automatic🚫 When STRK Conversion Is & Isn’t Automatic

You cannot convert any time MSTR hits $1,000. 🛑 From the SEC prospectus:

  • Conversion is allowed only in specific windows:
    1. Last calendar month of each quarter,
    2. When MicroStrategy calls/redeems STRK, or
    3. After a fundamental change or Class A common stock change event, for a 35-trading-day window following that event ([sec.gov][1], [investors.fortive.com][2], [barrons.com][3]).

That means there's no continuous automatic conversion as soon as MSTR’s share price hits $1,000. You must take action during one of these specific periods, not simply when the price threshold is crossed.

✅ TL;DR✅ TL;DR

ClaimStatus
Automatically convert at $1,000?❌ No
Convert anytime MSTR hits $1,000?❌ No
Must wait for quarter-end window or special event?✅ Yes
Even tax/fundamental events have time-limited conversion?✅ Yes

What You Should Do If MSTR Hits $1,000What You Should Do If MSTR Hits $1,000

If MSTR trades around or above $1,000 during the last month of a quarter (e.g., September 1–30, December 1–31, etc.):

  1. Initiate conversion with your broker during that window.
  2. Outside that window (even if MSTR > $1,000), conversion isn’t allowed unless there's a corporate event.
  3. If a redemption or fundamental change occurs, that opens another conversion/repurchase window—but it's separate from the $1,000 logic.

In SummaryIn Summary

  • The $1,000 “trigger” is economic rationale, not a legal trigger.
  • Actual conversion rights are tied to timing events, not price.
  • Yes, you can convert when it’s financially sensible, but only during allowed windows.

Let me know if you'd like help finding the exact date ranges or setting reminders for the conversion window.

[1]: https://www.sec.gov/Archives/edgar/data/1050446/000119312525012737/d863145d424b5.htm?utm_source=chatgpt.com "424B5 - SEC.gov"

[2]: https://investors.fortive.com/news-events/press-releases/detail/175/fortive-corporation-prices-offering-of-5-00-mandatory-convertible-preferred-stock?utm_source=chatgpt.com "Fortive Corporation Prices Offering of 5.00% Mandatory Convertible ..."

[3]: https://www.barrons.com/articles/microstrategy-preferred-bitcoin-strd-yield-f71c8d83?utm_source=chatgpt.com "New MicroStrategy Preferred, a Bitcoin Play, Should Yield 10% or More"

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