Super crazy Micro-strategy convertible bonds without interest, volume surpasses Nvidia to become the largest stock in the US

MicroStrategy, which claims to be a BTC development company, announced the issuance of 0% convertible preferred notes with a premium of up to 55%. With the continuous rise of BTC, MicroStrategy (MSTR) has become the stock with the highest volume in the United States today, and its stock price has risen by 591% so far this year, surpassing BTC.

MicroStrategy announces the issuance of 2.6 billion interest-free convertible bonds.

MicroStrategy announced that it will conduct a private sale issuance of convertible senior notes due in 2029 with a total principal amount of 2.6 billion US dollars to eligible institutional buyers. The issuance terms are as follows:

Expiration Date: December 1, 2029

Face Intrerest Rate: 0%

Price: $672.4 (premium of about 55%)

(MicroStrategy issuance convertible bonds, what is the principle of low stock price and high conversion price of Intrerest Rate?)

MicroStrategy volume surpasses Nvidia, TSL

According to ETF analyst Eric Balchunas's post on Bloomberg, MicroStrategy (MSTR) has become the largest stock in terms of volume in the United States, surpassing TSL (TSLA) and NVIDIA (NVDA). Balchunas said that it has been many years since the volume of a stock exceeded one of these two stocks, the last time may have been GameStop (GME).

In addition, the ETF MSTU, which uses a 2x leverage long micro-strategy, is the fifth in terms of volume, and MSTX is the eighth in terms of volume, which is unprecedented and shows the amazing popularity of micro-strategy!

(Bitcoin doubles down, the first micro-strategy leveraged ETF MSTX listed)

MicroStrategy rises 591% this year, outperforming BTC

MicroStrategy recently announced its '21/21 Plan', aiming to raise $42 billion in capital over the next three years, including $21 billion in equity and $21 billion in fixed-income securities. This plan will further support its acquisition of Bitcoin as part of its treasury reserve strategy.

As BTC continues to rise, MicroStrategy no longer needs to pay Interest! The conversion premium of convertible bonds is also increasing.

MicroStrategy's stock price has risen 591% so far this year, outperforming BTC's 109%.

This article is about an amazing micro-strategy that can convert bonds without interest payments, and the volume has surpassed Nvidia to become the largest stock in the US. It first appeared in ChainNews ABMedia.