Bernstein: MicroStrategy debt has a long maturity, which can cushion the impact of bitcoin volatility
2024-12-24 12:14:40
MicroStrategy, which issues stock or zero-coupon debt secured by a small amount of bitcoin reserves in order to buy large amounts of bitcoin through simple arbitrage, announced in October that it plans to use these methods to raise $42 billion in three years and is accelerating toward that goal. "What MicroStrategy does is a Bitcoin leverage game," according to Bernstein analysts. The longer debt maturities provide the company with some cushion in case of immediate repayment or volatility in the bitcoin price, analysts say. Also, even if MicroStrategy has to issue stock to pay off convertible debt, the dilution of those shares to the company's equity is limited. " MicroStrategy is increasingly relying on issuing shares to buy bitcoin, but when it opts for a convertible bond, the bond buyer gets an option to convert it into company stock at a certain price, which is almost equivalent to a call option.
7x24 快讯
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Federal Reserve Bostic: I hope that the current reduction of the balance sheet will be maintained until the reduction of the balance sheet is completely stopped. To ensure that the Federal Reserve does not go too far, it is appropriate to slow the pace of balance sheet reduction.Federal Reserve Bostic: I hope that the current reduction of the balance sheet will be maintained until the reduction of the balance sheet is completely stopped. To ensure that the Federal Reserve does not go too far, it is appropriate to slow the pace of balance sheet reduction.
17:57 2025-03-24
An independent miner successfully packaged block 889,240, capturing 3.294 BTC proceedsAccording to mempool data, two hours ago, an independent bitcoin miner successfully packaged block 889,240 and received a reward of 3.294 BTC blocks, which is about $289,000.
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Federal Reserve Bostic: Only one interest rate cut is expected this year, and inflation is expected to be very bumpy.Federal Reserve Bostic: Only one interest rate cut is expected this year, and inflation is expected to be very bumpy.
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Trump once again says he wants the Federal Reserve to lower interest ratesOn March 25th, local time on the 24th, US President Trump expressed the hope that the Federal Reserve would lower interest rates. On the 19th of this month, the Federal Reserve ended its two-day monetary policy meeting and announced that it would maintain the target range for the federal funds rate at 4.25% to 4.50%. This decision caused dissatisfaction with US President Trump. Trump tweeted on social media that the Federal Reserve would better cut interest rates because the impact of US tariffs...
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