MicroStrategy Deep Dive (Part 3: Convertible Bonds)

MicroStrategy Deep Dive (Part 3: Convertible Bonds)

Bitcoin University

55 лет назад

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In this video, I discuss how MicroStrategy uses convertible bonds to raise more capital to buy BTC, as well as how convertible bonds work.

Convertible bonds are a strange hybrid of stock and bond, and include an embedded call option that allows holders to convert the bond to shares of stock, if the underlying stock is trading above a certain strike price.

MicroStrategy's use of convertible bonds and other financing is one of the most amazing examples of financial engineering that I've ever seen. That being said, I still prefer to hold BTC, since it is a bearer asset.

Not investment advice! Consult a financial advisor.

Should You Buy Bitcoin, or Bitcoin Stocks?
https://www.youtube.com/watch?v=1vNG_Nzi2rY&ab_channel=BitcoinUniversity

MicroStrategy Deep Dive (Part 1):
https://www.youtube.com/watch?v=MrcZUWoGohI&ab_channel=BitcoinUniversity

MicroStrategy Deep Dive (Part 2):
https://www.youtube.com/watch?v=CPwHBspFtZk&ab_channel=BitcoinUniversity

Example of a MSTR convertible bond:
https://x.com/saylor/status/1859704181910868139
https://www.microstrategy.com/press/microstrategy-completes-3-billion-offering-of-convertible-senior-notes-due-2029-at-0-coupon-and-55-conversion-premium_11-21-2024

Some people don't understand:
https://x.com/PikerCapital/status/1860493645020893298

MSTR investor presentation:
https://assets.contentstack.io/v3/assets/bltb564490bc5201f31/blt6977617232ec27a8/672296fd062510258f432d82/microstrategy-q3-2024-earnings-presentation.pdf

Great summary of MSTR's business model:
https://x.com/saylor/status/1859958862260121861

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#michaelsaylor
#microstrategy

Disclaimer
Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.

Тэги:

#Bitcoin #MicroStrategy #Michael_Saylor #convertible_bonds #Bitcoin_University
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