Masterstroke by MicroStrategy! Theyโre buying back $1.5 billion of debt without touching their Bitcoin ๐๐
The institutional sell-off fears are fading in the feed. MicroStrategy has officially completed the buyback of $1.5 billion in convertible senior debt at an 8% discount, leveraging their diversified capital model without selling a single satoshi from their reserves. ๐๐ผ
โ The balance: Theyโve removed debt from the market and boosted their total holdings to 843,738 BTC after acquiring an additional 24,869 coins this week.
โ The impact: The risk of forced liquidation due to volatility is drastically reduced, securing the long-term health of Michael Saylorโs company.
How do you assess this display of financial strength for stabilizing #Bitcoin prices in your strategy on @Binance? ๐
#CryptoNewss #CorporateTreasury #Finance #Binance
$BTC
The institutional sell-off fears are fading in the feed. MicroStrategy has officially completed the buyback of $1.5 billion in convertible senior debt at an 8% discount, leveraging their diversified capital model without selling a single satoshi from their reserves. ๐๐ผ
โ The balance: Theyโve removed debt from the market and boosted their total holdings to 843,738 BTC after acquiring an additional 24,869 coins this week.
โ The impact: The risk of forced liquidation due to volatility is drastically reduced, securing the long-term health of Michael Saylorโs company.
How do you assess this display of financial strength for stabilizing #Bitcoin prices in your strategy on @Binance? ๐
#CryptoNewss #CorporateTreasury #Finance #Binance
$BTC