Saylor’s Convertible Bond Strategy Explained Simply:
Saylor: Lend me $100.
Lender: What’s the interest rate?
Saylor: There isn’t one.
Lender: Why should I lend you money then?
Saylor: If MicroStrategy’s stock hits a specific price, I’ll repay you with MSTR shares. If the stock performs well, your $100 could turn into $200, $500, or even $1,000. The potential returns far exceed traditional bonds.
Lender: Has this strategy worked before?
Saylor: Yes. My convertible bonds have outperformed traditional bonds, stocks, and even Bitcoin over the last 4 years.
Lender: Sounds compelling.
#MSTR #bitcoin