3 months ago
Disclaimer: The expert who wrote this portion owns shares of Strategy (MSTR).
Strategy (MSTR), formerly MicroStrategy, is the largest issuer of U.S. convertible bonds successful 2025, according to their caller post connected X.
"Strategy is the largest convertible enslaved issuer again successful 2025. Year to date, we correspond 30% of the U.S. convertible market, powered by Bitcoin".
Year-to-date, the institution has issued $2 cardinal successful convertible bonds. For context, the full U.S. convertible indebtedness marketplace presently stands astatine astir $280 billion, according to an X station by btc_overflow.
In Strategy's post, it shows their six convertible indebtedness offerings outstanding with a full notional worth of $8.2 billion. These convertible bonds person an mean weighted maturity of 5.1 years and a coupon complaint of 0.421%.
Strategy's shares has been adjacent much volatile than bitcoin's (BTC) terms of late. The banal has rebounded astir 30% from its Feb. 28 lows but had antecedently declined arsenic much arsenic 58% from its highs.
Since adopting its bitcoin (BTC) treasury strategy backmost successful August 2020, the institution has experienced 8 drawdowns of implicit 30%, with the astir caller being the 5th largest.
Strategy is inactive aiming for potential inclusion successful the S&P 500, with a bitcoin terms of astatine slightest $96,000 needed by the extremity of Q1 to person a accidental for eligibility.
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