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

CoinGape LogoCoinGape1w ago

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

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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MicroStrategy Stock Fuels 3-Year Convertible Bond Peak As Bitcoin Hits $93k - CoinGape (Picture 1)

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 18:42:44 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 562 words

Reading Time: 4 minutes read

Sentences: 37 lines

Sentence Length: 16 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

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 17 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "MicroStrategy Stock Fuels 3-Year Convertible Bond Peak As Bitcoin Hits $93k" was covered 1 weeks ago by CoinGape, a news publisher based in India.

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  • URL: https://beamstart.com/news/microstrategy-stock-fuels-3-year-17315234129835

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