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.
I am not aware of any limit on convertible note issuance limit, but I might be wrong. Of course more important than any legal limit of this activity, is the market giving “limits”: when you use too much leverage the market starts questioning the approach and usually demands higher and higher premiums for that.
At the moment, this limit is far beyond horizon for MSTR, but things might change If issuing goes on, or priced dynamics Turns less favourable.