WHY MICRO STRATEGY BOOSTS BITCOIN LINKED JUNK BOND DEAL TO $500M
MicroStrategy has announced that they've increased their raising goal to $500 million to buy more #bitcoin
The MicroStrategy announcement to increase their raising goal to $500 million to buy more #bitcoin is for some institutional investors, like pension funds who can’t legally hold BTC yet.
Micro Strategy only gives them exposure without buying the underlying. The deed doesn't even expose them to the ups and downs of Bitcoin. Bond yield is constant regardless of whether or not Bitcoin does well in the market.
The bonds are only secured by any Bitcoin bought in the future and not the 92k they currently hold. The way the big name companies announce BTC payment plans, futures, ETF,s and new crypto on rampages shows they are creating liquidity for themselves for now and the nearest future.
This is plain to see through their strategies to nurse the payment option back to recognition.
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