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BTC175: MicroStrategy Deep Dive w/ Jeff Walton (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Value of Convertible Debt Deals and Fixed Income Instruments
Convertible debt deals, such as the $800 million and $525 million deals, offer low interest rates but are highly valuable fixed income instruments. Despite the seemingly low yield, these deals are considered some of the best in the fixed income market. Additionally, these instruments play a crucial role in Michael's strategy to convert common stock into more Bitcoin onto the balance sheet. The deep liquidity provided by convertible fixed income instruments facilitates this conversion, even amidst the involvement of fast money from Wall Street, which aims to capture the spread without holding long term positions.
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