MicroStrategy announced the pricing for a Preferred stock offering today and it is very interesting what it has to pay for this round of raising money to buy more bitcoin.
MicroStrategy's creative fundraising through ATM share sales and nearly 0%-interest convertible notes has enabled aggressive Bitcoin stacking, now holding 471,107 bitcoins. The new preferred shares, to trade under STRK, offer an 8% dividend and can convert into common stock, forming an ideal security for investors seeking Bitcoin exposure with less risk. The preferred shares lock in the capital at a $1,000 conversion price, a 198.5% premium over current stock, unlocking massive accretion potential.
MicroStrategy Inc (NASDAQ: MSTR) is in focus today after the Norwegian central bank revealed it holds a sizable stake in the business intelligence company turned Bitcoin proxy. In total, the Norwegian Central Bank Fund owns about $500 million of MSTR shares, according to its 13-F filing on Thursday.
MicroStrategy's stock is set to snap the longest losing streak it's seen in a year after adding another bullish analyst on bitcoin to its camp.
The world's largest corporate holder of Bitcoin (BTC), MicroStrategy (NASDAQ: MSTR), was one of the best-performing stocks in the Nasdaq-100 index in 2024. Over the course of last year, the price of a single MSTR share surged by 342%.
Grant Cardone discusses his wealth creation journey with Rob Isbitts, emphasizing focus over diversification, and the importance of understanding and controlling investments, particularly in real estate. He highlights the advantages of crowd-sourced research and democratized finance, allowing regular investors to access institutional-quality real estate deals.
MicroStrategy (MSTR -1.63%) has been one of the most unlikely winners in the software sector in recent years.
In a little less than three months, MicroStrategy has spent nearly half of its three-year, $42 billion capital plan to buy bitcoin.
MicroStrategy's levered Bitcoin strategy has yielded positive returns but carries a high risk due to Bitcoin's volatility; I rate it a Buy for risk-loving investors. Block, Inc. benefits from Bitcoin's growth while maintaining strong standalone businesses, making it a safer investment; I rate it a Strong Buy. MicroStrategy's approach involves issuing convertible notes to buy Bitcoin, betting on its appreciation, but it lacks a diversified business model.
New rules could tax unrealized gains on bitcoin holdings at large companies.
‘Bitcoin bonds' offer insurers a less risky way to purchase cryptocurrency.
Michael Saylor's Bitcoin strategy has attracted plenty of fanfare. Basically, MicroStrategy ( NASDAAQ:MSTR ) borrows money to buy more Bitcoin.