Well, folks, hold onto your wallets because Strategy, the business whiz kids and Bitcoin hoarders, are on a mission to raise a whopping $2 billion! And how, you ask? Through 0% senior convertible notes! Sounds fancy, right? Itâs like saying, âHey, Iâm not just broke, Iâm *fancy* broke!â đ¸
Strategy Announces Proposed Private Offering of $2.0B of Convertible Senior Notes. $MSTR
â Michael SaylorâĄď¸ (@saylor) February 18, 2025
Now, letâs break this down: senior convertible notes are like the VIP section of debt instruments. They come with a shiny badge that says, âI get to convert my debt into equity, and Iâm more important than you common stock folks!â Itâs like being the prom king at a bankruptcy party! đ
This whole funding shindig is part of MicroStrategyâs grand 21/21 Plan, which sounds like a diet plan but is actually about gobbling up $42 billion worth of Bitcoin in the next three years. Since their last announcement, theyâve snagged 200,000 Bitcoins, bringing their total to a staggering 478,740! Thatâs right, theyâre the worldâs largest corporate Bitcoin hoarder! Move over, Scrooge McDuck! đŚđ°
These notes are set to mature on March 1, 2030, but donât worry, the company can buy them back whenever they feel like itâlike a kid returning a toy they got bored of! And guess what? After this announcement, MicroStrategyâs stock took a little tumbleâdown 1%! But hey, itâs still up 372% over the past year! Talk about a rollercoaster ride! đ˘
Oh, and letâs not forget their Q4 report, which revealed a net loss of $670.8 million. Thatâs right, folks! The market is as stable as a one-legged man in a butt-kicking contest! đ¤Ş
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2025-02-19 08:05