English
Back
Download
Log in to access Online Inquiry
Back to the Top
$DJT.US$ collaborated with crypto: What's next?
Views 26.3M Contents 2304

Originally, microstrategy completed the sale of 2.46 billion yuan in stocks today, so the stock price dropped. However, that's in the past. The stock price should rebound soon.

On November 25, 2024, microstrategy announced the completion of a $3 billion convertible note issuance, with a net profit of $2.97 billion. The issuance includes a 55% conversion premium on the average stock price. In addition, the company sold 5,597,849 shares, raising $2.46 billion, with $12.8 billion remaining available for future sales. Microstrategy purchased 55,500 bitcoins for $5.4 billion, at an average of $97,862 per bitcoin, funded by notes and stock sales. As of November 24, 2024, the company holds 386,700 bitcoins, with a total value of $21.9 billion and an average price per bitcoin of $56,761. The company's Bitcoin Yield, a key performance indicator measuring the relationship between bitcoin holdings and diluted shares, is 35.2% for the quarter and 59.3% year-to-date, reflecting its strategy of enhancing shareholder value through bitcoin acquisitions.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
1
+0
7
See Original
Report
52K Views
Comment
Sign in to post a comment
30
Followers
98
Following
212
Visitors
Follow