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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.
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72423057 OP : In the announcement, you can see the detailed content.
Joejoejoe0 : It's very strange. Use other people's money to raise bitcoins for yourself.
72423057 OP Joejoejoe0 : This MSTR is so smart, I reckon MSTR will soon buy bitcoin and then its stock price will also rise accordingly.
12345678abc 72423057 OP : so basically sell shares and buy bitcoin which caused a temporary fall in share price, and bitcoins increase would increase assets and eventually increase share price? this idea would be similar to buying properties or assets through equity financing?
72423057 OP 12345678abc : 你分析的正确，我估计 MSTR 大量买入比特币之后，比特币上升，MSTR 也同样上升。
12345678abc 72423057 OP : just that it caused panic selling [Awkward] isn't it similar to investment holding company? isn't MSTR a fintech investment company in principle?
72423057 OP : This company is playing tricks to buy more bitcoins. It can push up the price of Bitcoin, which then appreciates itself