information MicroStrategy has taken on $2.4 billion in debt to buy Bitcoin

[Lox]

... According to CNBC’s Kate Rooney, the purchases have also come at a $2.4 billion debt.

“MicroStrategy can be a tough company to size up,” Rooney said on Monday. “It’s both a software firm and essentially a Bitcoin holding company and both of these businesses impact the balance sheet and the bottom line.”

Most of the BTC buys have come in the form of convertible notes, she noted, with investors getting company stock on maturity.

$1.7 billion of the debt is in the senior convertible notes, at an interest rate of between 0% and 0.75%. The firm has also taken on $500 million worth of debt in senior secured notes that offer a 6.1% interest rate. The latest debt is a “first-of-its-kind” $205 million bitcoin-backed loan taken in April at an interest rate of roughly 4%.

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[jhm]

Definition of buying the dip

 

[Future Sensors]

MicroStrategy Now Down $1B on Its Bitcoin Bet​

Bitcoin has extended its plunge to a fresh 18-month low, below $23,000.​

Jun 13, 2022 at 4:49 p.m.

Michael Saylor's MicroStrategy (MSTR) is sitting on an unrealized loss of more than $1 billion on its bitcoin (BTC) holdings as the price of the largest crypto by market value touches $22,900 in Monday trading.

• The CEO of the technology company began purchasing bitcoin in August 2020 at a price just under $12,000. Subsequent purchases over the following months brought the company's holdings to 129,918 bitcoin, now valued at under $3 billion, compared with what's a near-$4 billion investment.
• Much of the funding of MSTR's buys came via junk bond and convertible note sales.
• Last month, Saylor dismissed talks of a margin call, stating that a problem would occur only if bitcoin reached $3,562.
• MicroStrategy shares are down 24.32% on Monday as it leads the sell-off in crypto-related stocks.

https://www.coindesk.com/business/2022/06/13/microstrategy-now-down-1b-on-its-bitcoin-bet/

 

[Future Sensors]

 

[Kingslayer]

Bitcoin is being held together by 1 man/1 company (Saylor and Microstrategy), if they haven't invested in what they have or decided to sell tomorrow, Bitcoin's value would be under $10k.

Wish i invested in Bitcoin years ago, but I wouldn't touch it now.

 

[BRANDERX]

I don't necessarily take it seriously, but watching some videos here & there & some are expecting it to crash, like have no value at all once the identity of it's creator is revealed.

 

[satsdifference.com]

BUYBACK.

 

[.X.]

what a nightmare, BTC.X is at $19,490 this minute, its been fun to play at times, Doge as well, fun to play at times, but to trust the process of Bitcoin or crypto in general must take people with absolutely no nervous system

 

[satsdifference.com]

the difference in crypto between fungible and nonfungible (nfts) is akin to "equities" and "EQUITY"

im into equity like digital assets' domains and non-fungible tokens not cartoons..

in equities, like fungible coins, or stocks when the price is downed, you lost already purchasing power on your computer screen

you don't really have anything tangible

in equity, like nfts, silver, domains, anything in-house it doesn't matter what the price was yesterdays they said, BECAUSE YOU STILL HAVE IT

= "what do you want for it"

 

[satsdifference.com]

18k!