Microstrategy to raise $600 Million to buy more Bitcoin \ stacker news ~bitcoin

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Microstrategy to raise $600 Million to buy more Bitcoin bitcoinmagazine.com/business/microstrategy-to-raise-600-million-to-buy-more-bitcoin

1292 sats \ 32 comments \ @ch0k1 4 Mar bitcoin

MicroStrategy Incorporated (Nasdaq: MSTR) has announced its plans to offer $600 million aggregate principal amount of convertible senior notes due 2030 in a private offering to qualified institutional buyers. The offering is subject to market conditions and other factors, with the potential to increase by an additional $90 million.

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207 sats \ 2 replies \ @Kaffi 4 Mar

I still don't like this strategy of being highly leveraged but if they didn't get blown up during this especially bad bear market they must be doing something right.

184 sats \ 1 reply \ @ch0k1 OP 5 Mar

I think sailor mastered how to fuck bankers with their own rules and now he's just humiliating them 🤣😂

0 sats \ 0 replies \ @mx12art 5 Mar

Yeah, it's crazy. If everyone starts putting this magical paper, which seems to come from nowhere, into Bitcoin, some really extraordinary things could happen.

20 sats \ 8 replies \ @elvismercury 5 Mar

At this point, what's the advantage of buying MSTR vs the ETF directly for companies who want btc but don't want to do the legwork?

364 sats \ 7 replies \ @freetx 5 Mar freebie

MSTR also produces some income. That income is multiplied by the P/E ratio at 30:1 currently. So $1 of income winds up producing a $30 valuation increase in stock price. When the stock gets overvalued, Saylor can issue more stock and purchase more BTC.

Furthermore, like in this example, Saylor can borrow money and use that money to buy more BTC.

These are all things that an ETF can't do....since an ETF is a purely passive. Basically saylor has turned every accounting trick possible with a public company into a play to acquire more and more BTC. So buying MSTR is a bit like buying a 2x long btc option.

65 sats \ 3 replies \ @orthwyrm 5 Mar

It's also worth noting that many companies / investors outside the US simply cannot buy the ETFs. In the UK for example, MSTR really is the most direct form of exposure.

60 sats \ 1 reply \ @jillofallcoins 5 Mar

Plus worth noting MSTR can be a part of your tax-free ISA portfolio

21 sats \ 0 replies \ @orthwyrm 5 Mar

Of which I take full advantage of, lol

60 sats \ 0 replies \ @Bell_curve 7 Mar

Vanguard allows MSTR but have blocked all ETF including GBTC.

11 sats \ 0 replies \ @ch0k1 OP 5 Mar

Exactly 💯

5 sats \ 0 replies \ @Bell_curve 7 Mar

Good explanation

Also no ETF fee

5 sats \ 0 replies \ @Fabs 5 Mar

Awesome, can't resist the ⚡!

10 sats \ 0 replies \ @TheBTCManual 5 Mar

damn this dude has no chill, he must have really crunched the numbers to take on these leveraged plays, I wonder what he does with all the capital in the future? Does he just go an acquire companies? Is MSTR expanding their business, i saw them talking about building out bitcoin tools for companies, hows that going?

10 sats \ 0 replies \ @Cowboy 5 Mar

He is going to make the count to 210000

0 sats \ 11 replies \ @DarthCoin 5 Mar

And plebs still applauding him like sheeps, meanwhile they are DCAing 20 cuckbuck/month and they think they are like Saylor LOL https://fxtwitter.com/gegelsmr4/status/1763612905700811245 https://fxtwitter.com/mcshane_writes/status/1763578632096612500 https://fxtwitter.com/gegelsmr4/status/1642940207388409889

GUYS, STOP KISSING HIS ASS, HE'S PLAYING YOU ALL.

10 sats \ 10 replies \ @ch0k1 OP 5 Mar

Any arguments he's playing us all?

Or this will qualify for an usual hater reply?

0 sats \ 9 replies \ @DarthCoin 5 Mar

#446513

10 sats \ 8 replies \ @ch0k1 OP 5 Mar

Trying to prove a hater claim with another hater claim...

I'm not an advocate of Sailor's but it's so easy to spot the lack of relevance of your "facts" in both the articles.

We still live in a fiat world so anyone of us has a big deal of it. BlackRock is a giant kraken which has spread tentacles literally everywhere making all of us exposed to assets related with them - this doesn't mean we're in the same team.

And let's for a second accept you're right that Saylor is using his dark buddy to buy-in Bitcoin - this is the most noble thing he can do to wash his dirty money since what way he's helping me and you and all previous investors to gain on BlackRock's back.