Compass Investments

Crypto vs. Dollar

📌 MicroStrategy, known for its significant bitcoin investments and exceptional returns of 727% over the past year, has notified the full redemption of the 2027 0.0% Convertible Senior Notes. The Company has notified the trustee of the following plan.

MicroStrategy announces full redemption of convertible senior notes due 2027 MicroStrategy, known for its significant investment in bitcoin and exceptional returns of 727% over the past year, recently announced the full redemption of its convertible senior notes due 2027 at 0.0% . . Microstrategy

– MicroStrategy announces full redemption of convertible senior notes due 2027 MicroStrategy, known for its significant investment in bitcoin and exceptional returns of 727% over the past year, recently announced the full redemption of its convertible senior notes due 2027 at 0.0% .

the Company has notified the Trustee of its intention to redeem outstanding notes in the aggregate principal amount of approximately $1.05 billion on February 24, 2025.

Noteholders have until 5:00 p.m. (New York City time) on February 20, 2025 to redeem MicroStrategy’s Class A common stock. Class A common stock and convert into Class A common stock. The conversion ratio is 7.0234 shares per $1,000 of principal amount, equivalent to a price of $142.38 per share. The conversion is in shares and cash is paid for fractional shares.

MicroStrategy shareholders recently approved an increase in the number of authorized shares, paving the way for the company to further expand its bitcoin holdings. Shareholders approved a plan to increase the number of shares in the company, bringing the total number of MSTR shares from 330 million to 10.3 billion. The capital increase supports the company’s strategy to expand its bitcoin holdings as part of its long-term share repurchase program.

In line with its strategy, MicroStrategy is also making significant moves in the cryptocurrency market. The company recently added 11,000 BTC to its holdings, which now total 461,000 bitcoins worth about $47 billion at current prices. The company funded this latest acquisition by issuing and selling shares.

Bitcoin

Bitcoin

$95,471.35

BTC -1.47%

Ethereum

Ethereum

$2,726.91

ETH 1.75%

Binance Coin

Binance Coin

$663.16

BNB -1.64%

XRP

XRP

$2.65

XRP -2.40%

Dogecoin

Dogecoin

$0.26

DOGE -3.08%

Cardano

Cardano

$0.79

ADA 3.12%

Solana

Solana

$177.27

SOL -6.37%