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?
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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