MicroStrategy is set to manage $1.05 billion in corporate debt linked to its aggressive Bitcoin acquisition strategy. Under the leadership of Michael Saylor, the company has amassed 461,000 Bitcoin, valued at nearly $49 billion. To fund these purchases, MicroStrategy issued convertible notes, allowing it to leverage borrowed capital for Bitcoin investments. Recently, the company redeemed its notes due in 2027 and is providing holders their principal amount on February 24. This move aims to reduce leverage while pushing repayment risks to September 2028, when another $1.01 billion in notes will mature. Despite the debt, the company remains committed to acquiring more Bitcoin, demonstrating an unflagging support for the cryptocurrency market.

Source 🔗