Bernstein: MicroStrategy is the only company generating institutional demand for Bitcoin-linked convertible bonds
Bernstein stated that MicroStrategy is a pioneer in the Bitcoin capital market. The company has raised $4 billion in convertible debt to purchase Bitcoin. Analysts Gautam Chhugani and Mahika Sapra stated that MicroStrategy is the only company that has a demand for Bitcoin-linked convertible bonds. Bernstein pointed out that since purchasing cryptocurrency in 2020, MicroStrategy has not sold any Bitcoin and is expected to continue raising funds to increase its Bitcoin reserves.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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