Through the issuance of convertible bonds, MARA acquired 6474 BTC using funds raised.

新div OP : MicroStrategy, like MicroBitcoin, bought more bitcoin with 3 billion dollars in convertible bonds. MARA also plans to purchase bitcoin with 1 billion dollars in convertible bonds at an average of 0.095395 million dollars, with the remaining amount to be bought when prices drop.

新div OP : MSTR issues convertible bonds by selling shares, purchasing bitcoin, and the stock price is falling. They increased the amount of bitcoin holdings, expecting the value of bitcoin assets to increase until the expiry of the convertible bonds in 2028. MSTR is expected to turn a profit in 2025. This convertible bond is similar to the approach of MARA towards MSTR.

新div OP : When the value of bitcoin rises, MSTR and MARA used convertible bonds to purchase bitcoin amid high bitcoin prices. Both companies increased their bitcoin holdings. Do you think the asset value of bitcoin will continue to rise?

新div OP : This time, MSTR and MARA used convertible bonds to purchase bitcoin. Although there is a possibility that the price of bitcoin and stock prices may temporarily decline, it is important to carefully consider whether this could be a buying opportunity.

新div OP : MSTR, including this convertible bonds, is buying a lot of bitcoin, with a total of 0.38 million6700BTC in holdings, exceeding 2% of the total quantity held.