MSTR Offering (Patreon)

The TLDR of the new MSTR offering

1. On March 4, 2024, MicroStrategy announced a $600 million private offering of convertible senior notes to raise funds for additional Bitcoin purchases.
2. The offering is aimed at qualified institutional buyers and is expected to close on March 15, 2024.
3. MicroStrategy's stock (MSTR) surged 23% to $1,334 per share on the day of the announcement, reaching a 20-year high.
4. The company has been aggressively investing in Bitcoin, with a current holding of 193,000 bitcoins at an average price of $31,544 per bitcoin.
5. MicroStrategy's market cap has now surpassed the $15.8 billion threshold required for S&P listing, making it a potential candidate for inclusion in the index.
6. The company's stock has seen a significant increase in trading volume, with the highest number of shares traded in its entire 25-year history.

It should come as no surprise, this is what MSTR does. I call it financial jiu jitsu.  Note 600/16bn is only a 3.75% dilution