Strategy timed the market exceptionally well, to issue $3B of 0% convertible debt, while the stock traded above $433 for a matter of days.


Now the company is retiring the debt below par, reducing almost 20% of its debt and future dilution risk.
The company benefited from both directions of the move
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned