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MicroStrategy to raise $2 Billion via Perpetual Stocks: Is Saylor Running Out of Tricks?

MicroStrategy to raise $2 Billion via Perpetual Stocks: Is Saylor Running Out of Tricks?

From Volatility Genius to Permanent Capital: Has Saylor's Magic Run Out?

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Anton Golub
Jan 08, 2025
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Anton’s Newsletter
Anton’s Newsletter
MicroStrategy to raise $2 Billion via Perpetual Stocks: Is Saylor Running Out of Tricks?
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Michael Saylor’s MicroStrategy has announced plans to raise $2 billion through a perpetual preferred stock offering.

You asked me to explain what is Saylor doing. 👇

Big Shift From Convertible Bonds to Perpetual Preferred Stock

Previously, Saylor used convertible bonds - briliant volatility play.

Here’s how it worked:

1. Implied Volatility Arbitrage:

- Saylo…

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