Coinshares Notes Potential Risks In MicroStrategy’s Bold $42B Bitcoin Acquisition Plan

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Coinshares Notes Potential Risks In MicroStrategy’s Bold $42B Bitcoin Acquisition Plan - Coinpedia

Quick Summary:

The company announced a $21 billion at-the-money offering of its own stock last week to raise capital to buy more Bitcoin.

However, it noted that, in 2021, MicroStrategy was able to raise debt capital at zero-coupon convertibles, but coupon rates have been going up with new issues.

However, Saylor has said previously that he is not interested in selling his company’s bitcoin holding noting that “Bitcoin is the exit strategy.