$MicroStrategy(MSTR)$ so the news is "The technology firm intends to raise $700 million with the issuance of convertible senior notes that will mature in 2028.The refinancing of debt is the major purpose behind this financing move, besides increasing its Bitcoin reserve. MicroStrategy would utilize $500 million to pay back existing senior secured notes, while the rest would go for more Bitcoin and company expenses."
So is that a good thing if one believes that Bitcoin will go much higher in the next several months? I think so. But only 200 million max to get new bitcoins ... most fo servicing old debt.
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