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Comments from Executive Chairman Michael Saylor indicate MicroStrategy (NASDAQ:MSTR) is looking at adjustments to its financing plan to improve value for shareholders. Saylor underlined the $7.2 billion in convertible debt of the corporation in an interview with Bloomberg Television Wednesday, stressing that $4 billion of it behaves like equity depending on its trading posture in relation to strike and call prices. Reflecting its continuous efforts to improve its financial structure, Saylor said the company wants to create a more efficient leverage strategy customized to help common shareholders.
Over the next three years, the Virginia-based company has stepped up its ambitious ambition to fund $42 billion just for Bitcoin (BTC) acquisitions. MicroStrategy launched the program in late October and has finished one-third of its convertible debt selling and almost two-thirds of its stock issuing. With purchases via controlled exchanges like Coinbase, MicroStrategy's aggressive Bitcoin acquisition plan has greatly increased company stock, which is up over 500% this year. This surge has exceeded the around 150% year-to-date rise of Bitcoin. However, the company's explosive Bitcoin accumulation has attracted criticism since some doubt the long-term feasibility of the strategy.
This article first appeared on GuruFocus.