MicroStrategy Stock Fuels 3-Year Convertible Bond Peak As Bitcoin Hits $93k

Quick Summary:

MicroStrategy stock has surged this month, propelling the U.S.convertible bond market to its highest returns in three years.

The company’s February 2027 convertible bonds climbed 60 cents on the dollar in November, marking their best monthly performance since issuance in 2021.

This has enabled MicroStrategy to get the most out of its Bitcoin buys, strengthens the company’s status as one of the biggest corporate owners of the cryptocurrency.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News MSTR Bitcoin News Bitcoin price MicrosStrategy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 18:42:44 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 562 words

Reading Time: 4 minutes read

Sentences: 35 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23574818

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About CoinGape

Main Topics: Crypto

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