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We talk a lot about MicroStrategy selling bonds debt to buy Bitcoin It sounds like Michael Saylor is too risky but do you really understand what they are doing Today MicroStrategy announced plans to sell an additional $500 million in bonds to buy more Bitcoin with the possibility of issuing another $75 million in bonds
So why do investors buy bonds with such low interest rates, instead of government bonds with an annual interest rate of 5%? The answer is because they don't care about interest, but they care about MicroStrategy's ability to convert bonds into stock.
MicroStrategy's stock is up 142% since the beginning of this year, 436% over the past year, and more than 1,000% since it started buying BTC in August 2020.
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