Post
Topic
Board Economics
Merits 4 from 2 users
Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
by
MusaMohamed
on 18/03/2024, 08:57:02 UTC
⭐ Merited by fillippone (3) ,JayJuanGee (1)
He’s at it again, absolute legend. This latest $500 million convertible senior notes, pumped into Bitcoin will put MSTR above 210,000 coins & > 1% of total supply.

Saylor is going to go down in history.
Michael is doing well for his company and the Bitcoin community, Bitcoin price get benefit from money spent by MicroStrategy and their noise on media.

I wonder that is there any limit on issue of convertible note, according to laws and regulation?

I don't have knowledge in this field but I believe there will be limit on what MicroStrategy can do with convertible notes, and they will not be allowed to issue it as no cap.