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32 sats \ 0 replies \ @freetx 15h \ on: MicroStrategy Completes $3 Billion Offering of Convertible Senior Notes Due 2029 bitcoin
These terms are a little mind bending.
- 0% interest that doesn't mature until 2029
- Convertible to shares at a approximate price of $650 per share (thats 55% higher price than today).
Obviously the bet is that if bitcoin zooms, then it will push MSTR price much higher than the $650 conversion price. Therefore this will be like purchasing at a discount.....