MicroStrategy (MSTR) plans to focus more on fixed-income securities, such as convertible bonds, to raise capital for purchasing cryptocurrency once its current fundraising program is exhausted, Bloomberg reported Wednesday, citing Co-Founder and Chairman Michael Saylor.
The company has financed its purchases using a mix of new equity and convertible bonds, benefiting owners as the stock price approaches conversion levels, Saylor told Bloomberg Television in an interview.
MicroStrategy holds $7.2 billion in convertible bonds, with $4 billion of those effectively functioning as equity. The company aims to adopt "more intelligent leverage" for shareholder benefit, Saylor added, according to the report.
Saylor indicated the company will prioritize fixed-income strategies in 2025 and remains open to serving on a potential digital assets advisory council under the incoming administration, the report added.
MicroStrategy didn't immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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