Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n
Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Later this week, the company stated it could potentially raise up to $786 million from the offering if initial purchasers opt to buy additional notes. Before this announcement, MicroStrategy has a total holdings of 214,400 BTC. The company now owns over 1% of Bitcoin's total supply, which is capped at 21 million BTC.<\/p>\n\n\n\n The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
MicroStrategy announced that the company planned to issue $500 million worth of unsecured senior convertible notes. The funds will be used for purchasing Bitcoin and for general corporate purposes. <\/p>\n\n\n\n Later this week, the company stated it could potentially raise up to $786 million from the offering if initial purchasers opt to buy additional notes. Before this announcement, MicroStrategy has a total holdings of 214,400 BTC. The company now owns over 1% of Bitcoin's total supply, which is capped at 21 million BTC.<\/p>\n\n\n\n The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
In March, the company announced a $500 million convertible debt offering, with funds similar to those intended for Bitcoin acquisition. This strategy has caught the interest of other companies, such as Semler Scientific<\/a> and Metaplanet<\/a>, who have adopted similar approaches.<\/p>\n","post_title":"South Korea's Pension Fund Invests With Bitcoin Through MicroStrategy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-koreas-pension-fund-invests-with-bitcoin-through-microstrategy","to_ping":"","pinged":"","post_modified":"2024-08-17 04:20:35","post_modified_gmt":"2024-08-16 18:20:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18262","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17393,"post_author":"15","post_date":"2024-06-19 23:29:33","post_date_gmt":"2024-06-19 13:29:33","post_content":"\n MicroStrategy announced that the company planned to issue $500 million worth of unsecured senior convertible notes. The funds will be used for purchasing Bitcoin and for general corporate purposes. <\/p>\n\n\n\n Later this week, the company stated it could potentially raise up to $786 million from the offering if initial purchasers opt to buy additional notes. Before this announcement, MicroStrategy has a total holdings of 214,400 BTC. The company now owns over 1% of Bitcoin's total supply, which is capped at 21 million BTC.<\/p>\n\n\n\n The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
MicroStrategy's Bitcoin strategy is straightforward: the company intends to continue buying more Bitcoin as long as possible. Earlier this month, MicroStrategy announced a $2 billion ATM equity offering program, with the proceeds earmarked for additional Bitcoin purchases.<\/p>\n\n\n\n In March, the company announced a $500 million convertible debt offering, with funds similar to those intended for Bitcoin acquisition. This strategy has caught the interest of other companies, such as Semler Scientific<\/a> and Metaplanet<\/a>, who have adopted similar approaches.<\/p>\n","post_title":"South Korea's Pension Fund Invests With Bitcoin Through MicroStrategy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-koreas-pension-fund-invests-with-bitcoin-through-microstrategy","to_ping":"","pinged":"","post_modified":"2024-08-17 04:20:35","post_modified_gmt":"2024-08-16 18:20:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18262","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17393,"post_author":"15","post_date":"2024-06-19 23:29:33","post_date_gmt":"2024-06-19 13:29:33","post_content":"\n MicroStrategy announced that the company planned to issue $500 million worth of unsecured senior convertible notes. The funds will be used for purchasing Bitcoin and for general corporate purposes. <\/p>\n\n\n\n Later this week, the company stated it could potentially raise up to $786 million from the offering if initial purchasers opt to buy additional notes. Before this announcement, MicroStrategy has a total holdings of 214,400 BTC. The company now owns over 1% of Bitcoin's total supply, which is capped at 21 million BTC.<\/p>\n\n\n\n The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
MicroStrategy's Bitcoin strategy is straightforward: the company intends to continue buying more Bitcoin as long as possible. Earlier this month, MicroStrategy announced a $2 billion ATM equity offering program, with the proceeds earmarked for additional Bitcoin purchases.<\/p>\n\n\n\n In March, the company announced a $500 million convertible debt offering, with funds similar to those intended for Bitcoin acquisition. This strategy has caught the interest of other companies, such as Semler Scientific<\/a> and Metaplanet<\/a>, who have adopted similar approaches.<\/p>\n","post_title":"South Korea's Pension Fund Invests With Bitcoin Through MicroStrategy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-koreas-pension-fund-invests-with-bitcoin-through-microstrategy","to_ping":"","pinged":"","post_modified":"2024-08-17 04:20:35","post_modified_gmt":"2024-08-16 18:20:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18262","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17393,"post_author":"15","post_date":"2024-06-19 23:29:33","post_date_gmt":"2024-06-19 13:29:33","post_content":"\n MicroStrategy announced that the company planned to issue $500 million worth of unsecured senior convertible notes. The funds will be used for purchasing Bitcoin and for general corporate purposes. <\/p>\n\n\n\n Later this week, the company stated it could potentially raise up to $786 million from the offering if initial purchasers opt to buy additional notes. Before this announcement, MicroStrategy has a total holdings of 214,400 BTC. The company now owns over 1% of Bitcoin's total supply, which is capped at 21 million BTC.<\/p>\n\n\n\n The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n MicroStrategy's Bitcoin strategy is straightforward: the company intends to continue buying more Bitcoin as long as possible. Earlier this month, MicroStrategy announced a $2 billion ATM equity offering program, with the proceeds earmarked for additional Bitcoin purchases.<\/p>\n\n\n\n In March, the company announced a $500 million convertible debt offering, with funds similar to those intended for Bitcoin acquisition. This strategy has caught the interest of other companies, such as Semler Scientific<\/a> and Metaplanet<\/a>, who have adopted similar approaches.<\/p>\n","post_title":"South Korea's Pension Fund Invests With Bitcoin Through MicroStrategy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-koreas-pension-fund-invests-with-bitcoin-through-microstrategy","to_ping":"","pinged":"","post_modified":"2024-08-17 04:20:35","post_modified_gmt":"2024-08-16 18:20:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18262","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17393,"post_author":"15","post_date":"2024-06-19 23:29:33","post_date_gmt":"2024-06-19 13:29:33","post_content":"\n MicroStrategy announced that the company planned to issue $500 million worth of unsecured senior convertible notes. The funds will be used for purchasing Bitcoin and for general corporate purposes. <\/p>\n\n\n\n Later this week, the company stated it could potentially raise up to $786 million from the offering if initial purchasers opt to buy additional notes. Before this announcement, MicroStrategy has a total holdings of 214,400 BTC. The company now owns over 1% of Bitcoin's total supply, which is capped at 21 million BTC.<\/p>\n\n\n\n The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
MicroStrategy owns 226,500 Bitcoin, which accounts for over 1% of the total Bitcoin supply.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n MicroStrategy's Bitcoin strategy is straightforward: the company intends to continue buying more Bitcoin as long as possible. Earlier this month, MicroStrategy announced a $2 billion ATM equity offering program, with the proceeds earmarked for additional Bitcoin purchases.<\/p>\n\n\n\n In March, the company announced a $500 million convertible debt offering, with funds similar to those intended for Bitcoin acquisition. This strategy has caught the interest of other companies, such as Semler Scientific<\/a> and Metaplanet<\/a>, who have adopted similar approaches.<\/p>\n","post_title":"South Korea's Pension Fund Invests With Bitcoin Through MicroStrategy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-koreas-pension-fund-invests-with-bitcoin-through-microstrategy","to_ping":"","pinged":"","post_modified":"2024-08-17 04:20:35","post_modified_gmt":"2024-08-16 18:20:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18262","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17393,"post_author":"15","post_date":"2024-06-19 23:29:33","post_date_gmt":"2024-06-19 13:29:33","post_content":"\n MicroStrategy announced that the company planned to issue $500 million worth of unsecured senior convertible notes. The funds will be used for purchasing Bitcoin and for general corporate purposes. <\/p>\n\n\n\n Later this week, the company stated it could potentially raise up to $786 million from the offering if initial purchasers opt to buy additional notes. Before this announcement, MicroStrategy has a total holdings of 214,400 BTC. The company now owns over 1% of Bitcoin's total supply, which is capped at 21 million BTC.<\/p>\n\n\n\n The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The public pension fund is now increasing its exposure to Bitcoin-related stocks through new investments in MicroStrategy.<\/p>\n\n\n\n MicroStrategy owns 226,500 Bitcoin, which accounts for over 1% of the total Bitcoin supply.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n MicroStrategy's Bitcoin strategy is straightforward: the company intends to continue buying more Bitcoin as long as possible. Earlier this month, MicroStrategy announced a $2 billion ATM equity offering program, with the proceeds earmarked for additional Bitcoin purchases.<\/p>\n\n\n\n In March, the company announced a $500 million convertible debt offering, with funds similar to those intended for Bitcoin acquisition. This strategy has caught the interest of other companies, such as Semler Scientific<\/a> and Metaplanet<\/a>, who have adopted similar approaches.<\/p>\n","post_title":"South Korea's Pension Fund Invests With Bitcoin Through MicroStrategy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-koreas-pension-fund-invests-with-bitcoin-through-microstrategy","to_ping":"","pinged":"","post_modified":"2024-08-17 04:20:35","post_modified_gmt":"2024-08-16 18:20:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18262","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17393,"post_author":"15","post_date":"2024-06-19 23:29:33","post_date_gmt":"2024-06-19 13:29:33","post_content":"\n MicroStrategy announced that the company planned to issue $500 million worth of unsecured senior convertible notes. The funds will be used for purchasing Bitcoin and for general corporate purposes. <\/p>\n\n\n\n Later this week, the company stated it could potentially raise up to $786 million from the offering if initial purchasers opt to buy additional notes. Before this announcement, MicroStrategy has a total holdings of 214,400 BTC. The company now owns over 1% of Bitcoin's total supply, which is capped at 21 million BTC.<\/p>\n\n\n\n The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The NPS initially ventured<\/a> into indirect Bitcoin investment in the third quarter of last year by purchasing 282,673 shares of Coinbase. The average purchase price for Coinbase shares was $78. The NPS later sold 23,956 shares, realizing some of its gains.<\/p>\n\n\n\n The public pension fund is now increasing its exposure to Bitcoin-related stocks through new investments in MicroStrategy.<\/p>\n\n\n\n MicroStrategy owns 226,500 Bitcoin, which accounts for over 1% of the total Bitcoin supply.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n MicroStrategy's Bitcoin strategy is straightforward: the company intends to continue buying more Bitcoin as long as possible. Earlier this month, MicroStrategy announced a $2 billion ATM equity offering program, with the proceeds earmarked for additional Bitcoin purchases.<\/p>\n\n\n\n In March, the company announced a $500 million convertible debt offering, with funds similar to those intended for Bitcoin acquisition. This strategy has caught the interest of other companies, such as Semler Scientific<\/a> and Metaplanet<\/a>, who have adopted similar approaches.<\/p>\n","post_title":"South Korea's Pension Fund Invests With Bitcoin Through MicroStrategy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-koreas-pension-fund-invests-with-bitcoin-through-microstrategy","to_ping":"","pinged":"","post_modified":"2024-08-17 04:20:35","post_modified_gmt":"2024-08-16 18:20:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18262","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17393,"post_author":"15","post_date":"2024-06-19 23:29:33","post_date_gmt":"2024-06-19 13:29:33","post_content":"\n MicroStrategy announced that the company planned to issue $500 million worth of unsecured senior convertible notes. The funds will be used for purchasing Bitcoin and for general corporate purposes. <\/p>\n\n\n\n Later this week, the company stated it could potentially raise up to $786 million from the offering if initial purchasers opt to buy additional notes. Before this announcement, MicroStrategy has a total holdings of 214,400 BTC. The company now owns over 1% of Bitcoin's total supply, which is capped at 21 million BTC.<\/p>\n\n\n\n The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
South Korea's National Pension Service (NPS) revealed <\/a>that it purchased $33.75 million worth of MicroStrategy shares. According to the 13F quarterly report, the NPS acquired 245,000 new shares of MicroStrategy (MSTR) during the second quarter of this year.<\/p>\n\n\n\n The NPS initially ventured<\/a> into indirect Bitcoin investment in the third quarter of last year by purchasing 282,673 shares of Coinbase. The average purchase price for Coinbase shares was $78. The NPS later sold 23,956 shares, realizing some of its gains.<\/p>\n\n\n\n The public pension fund is now increasing its exposure to Bitcoin-related stocks through new investments in MicroStrategy.<\/p>\n\n\n\n MicroStrategy owns 226,500 Bitcoin, which accounts for over 1% of the total Bitcoin supply.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n MicroStrategy's Bitcoin strategy is straightforward: the company intends to continue buying more Bitcoin as long as possible. Earlier this month, MicroStrategy announced a $2 billion ATM equity offering program, with the proceeds earmarked for additional Bitcoin purchases.<\/p>\n\n\n\n In March, the company announced a $500 million convertible debt offering, with funds similar to those intended for Bitcoin acquisition. This strategy has caught the interest of other companies, such as Semler Scientific<\/a> and Metaplanet<\/a>, who have adopted similar approaches.<\/p>\n","post_title":"South Korea's Pension Fund Invests With Bitcoin Through MicroStrategy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-koreas-pension-fund-invests-with-bitcoin-through-microstrategy","to_ping":"","pinged":"","post_modified":"2024-08-17 04:20:35","post_modified_gmt":"2024-08-16 18:20:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18262","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17393,"post_author":"15","post_date":"2024-06-19 23:29:33","post_date_gmt":"2024-06-19 13:29:33","post_content":"\n MicroStrategy announced that the company planned to issue $500 million worth of unsecured senior convertible notes. The funds will be used for purchasing Bitcoin and for general corporate purposes. <\/p>\n\n\n\n Later this week, the company stated it could potentially raise up to $786 million from the offering if initial purchasers opt to buy additional notes. Before this announcement, MicroStrategy has a total holdings of 214,400 BTC. The company now owns over 1% of Bitcoin's total supply, which is capped at 21 million BTC.<\/p>\n\n\n\n The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18262,"post_author":"15","post_date":"2024-08-17 04:20:30","post_date_gmt":"2024-08-16 18:20:30","post_content":"\n South Korea's National Pension Service (NPS) revealed <\/a>that it purchased $33.75 million worth of MicroStrategy shares. According to the 13F quarterly report, the NPS acquired 245,000 new shares of MicroStrategy (MSTR) during the second quarter of this year.<\/p>\n\n\n\n The NPS initially ventured<\/a> into indirect Bitcoin investment in the third quarter of last year by purchasing 282,673 shares of Coinbase. The average purchase price for Coinbase shares was $78. The NPS later sold 23,956 shares, realizing some of its gains.<\/p>\n\n\n\n The public pension fund is now increasing its exposure to Bitcoin-related stocks through new investments in MicroStrategy.<\/p>\n\n\n\n MicroStrategy owns 226,500 Bitcoin, which accounts for over 1% of the total Bitcoin supply.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n MicroStrategy's Bitcoin strategy is straightforward: the company intends to continue buying more Bitcoin as long as possible. Earlier this month, MicroStrategy announced a $2 billion ATM equity offering program, with the proceeds earmarked for additional Bitcoin purchases.<\/p>\n\n\n\n In March, the company announced a $500 million convertible debt offering, with funds similar to those intended for Bitcoin acquisition. This strategy has caught the interest of other companies, such as Semler Scientific<\/a> and Metaplanet<\/a>, who have adopted similar approaches.<\/p>\n","post_title":"South Korea's Pension Fund Invests With Bitcoin Through MicroStrategy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-koreas-pension-fund-invests-with-bitcoin-through-microstrategy","to_ping":"","pinged":"","post_modified":"2024-08-17 04:20:35","post_modified_gmt":"2024-08-16 18:20:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18262","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17393,"post_author":"15","post_date":"2024-06-19 23:29:33","post_date_gmt":"2024-06-19 13:29:33","post_content":"\n MicroStrategy announced that the company planned to issue $500 million worth of unsecured senior convertible notes. The funds will be used for purchasing Bitcoin and for general corporate purposes. <\/p>\n\n\n\n Later this week, the company stated it could potentially raise up to $786 million from the offering if initial purchasers opt to buy additional notes. Before this announcement, MicroStrategy has a total holdings of 214,400 BTC. The company now owns over 1% of Bitcoin's total supply, which is capped at 21 million BTC.<\/p>\n\n\n\n The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18262,"post_author":"15","post_date":"2024-08-17 04:20:30","post_date_gmt":"2024-08-16 18:20:30","post_content":"\n South Korea's National Pension Service (NPS) revealed <\/a>that it purchased $33.75 million worth of MicroStrategy shares. According to the 13F quarterly report, the NPS acquired 245,000 new shares of MicroStrategy (MSTR) during the second quarter of this year.<\/p>\n\n\n\n The NPS initially ventured<\/a> into indirect Bitcoin investment in the third quarter of last year by purchasing 282,673 shares of Coinbase. The average purchase price for Coinbase shares was $78. The NPS later sold 23,956 shares, realizing some of its gains.<\/p>\n\n\n\n The public pension fund is now increasing its exposure to Bitcoin-related stocks through new investments in MicroStrategy.<\/p>\n\n\n\n MicroStrategy owns 226,500 Bitcoin, which accounts for over 1% of the total Bitcoin supply.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n MicroStrategy's Bitcoin strategy is straightforward: the company intends to continue buying more Bitcoin as long as possible. Earlier this month, MicroStrategy announced a $2 billion ATM equity offering program, with the proceeds earmarked for additional Bitcoin purchases.<\/p>\n\n\n\n In March, the company announced a $500 million convertible debt offering, with funds similar to those intended for Bitcoin acquisition. This strategy has caught the interest of other companies, such as Semler Scientific<\/a> and Metaplanet<\/a>, who have adopted similar approaches.<\/p>\n","post_title":"South Korea's Pension Fund Invests With Bitcoin Through MicroStrategy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-koreas-pension-fund-invests-with-bitcoin-through-microstrategy","to_ping":"","pinged":"","post_modified":"2024-08-17 04:20:35","post_modified_gmt":"2024-08-16 18:20:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18262","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17393,"post_author":"15","post_date":"2024-06-19 23:29:33","post_date_gmt":"2024-06-19 13:29:33","post_content":"\n MicroStrategy announced that the company planned to issue $500 million worth of unsecured senior convertible notes. The funds will be used for purchasing Bitcoin and for general corporate purposes. <\/p>\n\n\n\n Later this week, the company stated it could potentially raise up to $786 million from the offering if initial purchasers opt to buy additional notes. Before this announcement, MicroStrategy has a total holdings of 214,400 BTC. The company now owns over 1% of Bitcoin's total supply, which is capped at 21 million BTC.<\/p>\n\n\n\n The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18262,"post_author":"15","post_date":"2024-08-17 04:20:30","post_date_gmt":"2024-08-16 18:20:30","post_content":"\n South Korea's National Pension Service (NPS) revealed <\/a>that it purchased $33.75 million worth of MicroStrategy shares. According to the 13F quarterly report, the NPS acquired 245,000 new shares of MicroStrategy (MSTR) during the second quarter of this year.<\/p>\n\n\n\n The NPS initially ventured<\/a> into indirect Bitcoin investment in the third quarter of last year by purchasing 282,673 shares of Coinbase. The average purchase price for Coinbase shares was $78. The NPS later sold 23,956 shares, realizing some of its gains.<\/p>\n\n\n\n The public pension fund is now increasing its exposure to Bitcoin-related stocks through new investments in MicroStrategy.<\/p>\n\n\n\n MicroStrategy owns 226,500 Bitcoin, which accounts for over 1% of the total Bitcoin supply.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n MicroStrategy's Bitcoin strategy is straightforward: the company intends to continue buying more Bitcoin as long as possible. Earlier this month, MicroStrategy announced a $2 billion ATM equity offering program, with the proceeds earmarked for additional Bitcoin purchases.<\/p>\n\n\n\n In March, the company announced a $500 million convertible debt offering, with funds similar to those intended for Bitcoin acquisition. This strategy has caught the interest of other companies, such as Semler Scientific<\/a> and Metaplanet<\/a>, who have adopted similar approaches.<\/p>\n","post_title":"South Korea's Pension Fund Invests With Bitcoin Through MicroStrategy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-koreas-pension-fund-invests-with-bitcoin-through-microstrategy","to_ping":"","pinged":"","post_modified":"2024-08-17 04:20:35","post_modified_gmt":"2024-08-16 18:20:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18262","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17393,"post_author":"15","post_date":"2024-06-19 23:29:33","post_date_gmt":"2024-06-19 13:29:33","post_content":"\n MicroStrategy announced that the company planned to issue $500 million worth of unsecured senior convertible notes. The funds will be used for purchasing Bitcoin and for general corporate purposes. <\/p>\n\n\n\n Later this week, the company stated it could potentially raise up to $786 million from the offering if initial purchasers opt to buy additional notes. Before this announcement, MicroStrategy has a total holdings of 214,400 BTC. The company now owns over 1% of Bitcoin's total supply, which is capped at 21 million BTC.<\/p>\n\n\n\n The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18262,"post_author":"15","post_date":"2024-08-17 04:20:30","post_date_gmt":"2024-08-16 18:20:30","post_content":"\n South Korea's National Pension Service (NPS) revealed <\/a>that it purchased $33.75 million worth of MicroStrategy shares. According to the 13F quarterly report, the NPS acquired 245,000 new shares of MicroStrategy (MSTR) during the second quarter of this year.<\/p>\n\n\n\n The NPS initially ventured<\/a> into indirect Bitcoin investment in the third quarter of last year by purchasing 282,673 shares of Coinbase. The average purchase price for Coinbase shares was $78. The NPS later sold 23,956 shares, realizing some of its gains.<\/p>\n\n\n\n The public pension fund is now increasing its exposure to Bitcoin-related stocks through new investments in MicroStrategy.<\/p>\n\n\n\n MicroStrategy owns 226,500 Bitcoin, which accounts for over 1% of the total Bitcoin supply.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n MicroStrategy's Bitcoin strategy is straightforward: the company intends to continue buying more Bitcoin as long as possible. Earlier this month, MicroStrategy announced a $2 billion ATM equity offering program, with the proceeds earmarked for additional Bitcoin purchases.<\/p>\n\n\n\n In March, the company announced a $500 million convertible debt offering, with funds similar to those intended for Bitcoin acquisition. This strategy has caught the interest of other companies, such as Semler Scientific<\/a> and Metaplanet<\/a>, who have adopted similar approaches.<\/p>\n","post_title":"South Korea's Pension Fund Invests With Bitcoin Through MicroStrategy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-koreas-pension-fund-invests-with-bitcoin-through-microstrategy","to_ping":"","pinged":"","post_modified":"2024-08-17 04:20:35","post_modified_gmt":"2024-08-16 18:20:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18262","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17393,"post_author":"15","post_date":"2024-06-19 23:29:33","post_date_gmt":"2024-06-19 13:29:33","post_content":"\n MicroStrategy announced that the company planned to issue $500 million worth of unsecured senior convertible notes. The funds will be used for purchasing Bitcoin and for general corporate purposes. <\/p>\n\n\n\n Later this week, the company stated it could potentially raise up to $786 million from the offering if initial purchasers opt to buy additional notes. Before this announcement, MicroStrategy has a total holdings of 214,400 BTC. The company now owns over 1% of Bitcoin's total supply, which is capped at 21 million BTC.<\/p>\n\n\n\n The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18262,"post_author":"15","post_date":"2024-08-17 04:20:30","post_date_gmt":"2024-08-16 18:20:30","post_content":"\n South Korea's National Pension Service (NPS) revealed <\/a>that it purchased $33.75 million worth of MicroStrategy shares. According to the 13F quarterly report, the NPS acquired 245,000 new shares of MicroStrategy (MSTR) during the second quarter of this year.<\/p>\n\n\n\n The NPS initially ventured<\/a> into indirect Bitcoin investment in the third quarter of last year by purchasing 282,673 shares of Coinbase. The average purchase price for Coinbase shares was $78. The NPS later sold 23,956 shares, realizing some of its gains.<\/p>\n\n\n\n The public pension fund is now increasing its exposure to Bitcoin-related stocks through new investments in MicroStrategy.<\/p>\n\n\n\n MicroStrategy owns 226,500 Bitcoin, which accounts for over 1% of the total Bitcoin supply.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n MicroStrategy's Bitcoin strategy is straightforward: the company intends to continue buying more Bitcoin as long as possible. Earlier this month, MicroStrategy announced a $2 billion ATM equity offering program, with the proceeds earmarked for additional Bitcoin purchases.<\/p>\n\n\n\n In March, the company announced a $500 million convertible debt offering, with funds similar to those intended for Bitcoin acquisition. This strategy has caught the interest of other companies, such as Semler Scientific<\/a> and Metaplanet<\/a>, who have adopted similar approaches.<\/p>\n","post_title":"South Korea's Pension Fund Invests With Bitcoin Through MicroStrategy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-koreas-pension-fund-invests-with-bitcoin-through-microstrategy","to_ping":"","pinged":"","post_modified":"2024-08-17 04:20:35","post_modified_gmt":"2024-08-16 18:20:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18262","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17393,"post_author":"15","post_date":"2024-06-19 23:29:33","post_date_gmt":"2024-06-19 13:29:33","post_content":"\n MicroStrategy announced that the company planned to issue $500 million worth of unsecured senior convertible notes. The funds will be used for purchasing Bitcoin and for general corporate purposes. <\/p>\n\n\n\n Later this week, the company stated it could potentially raise up to $786 million from the offering if initial purchasers opt to buy additional notes. Before this announcement, MicroStrategy has a total holdings of 214,400 BTC. The company now owns over 1% of Bitcoin's total supply, which is capped at 21 million BTC.<\/p>\n\n\n\n The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18262,"post_author":"15","post_date":"2024-08-17 04:20:30","post_date_gmt":"2024-08-16 18:20:30","post_content":"\n South Korea's National Pension Service (NPS) revealed <\/a>that it purchased $33.75 million worth of MicroStrategy shares. According to the 13F quarterly report, the NPS acquired 245,000 new shares of MicroStrategy (MSTR) during the second quarter of this year.<\/p>\n\n\n\n The NPS initially ventured<\/a> into indirect Bitcoin investment in the third quarter of last year by purchasing 282,673 shares of Coinbase. The average purchase price for Coinbase shares was $78. The NPS later sold 23,956 shares, realizing some of its gains.<\/p>\n\n\n\n The public pension fund is now increasing its exposure to Bitcoin-related stocks through new investments in MicroStrategy.<\/p>\n\n\n\n MicroStrategy owns 226,500 Bitcoin, which accounts for over 1% of the total Bitcoin supply.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n MicroStrategy's Bitcoin strategy is straightforward: the company intends to continue buying more Bitcoin as long as possible. Earlier this month, MicroStrategy announced a $2 billion ATM equity offering program, with the proceeds earmarked for additional Bitcoin purchases.<\/p>\n\n\n\n In March, the company announced a $500 million convertible debt offering, with funds similar to those intended for Bitcoin acquisition. This strategy has caught the interest of other companies, such as Semler Scientific<\/a> and Metaplanet<\/a>, who have adopted similar approaches.<\/p>\n","post_title":"South Korea's Pension Fund Invests With Bitcoin Through MicroStrategy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-koreas-pension-fund-invests-with-bitcoin-through-microstrategy","to_ping":"","pinged":"","post_modified":"2024-08-17 04:20:35","post_modified_gmt":"2024-08-16 18:20:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18262","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17393,"post_author":"15","post_date":"2024-06-19 23:29:33","post_date_gmt":"2024-06-19 13:29:33","post_content":"\n MicroStrategy announced that the company planned to issue $500 million worth of unsecured senior convertible notes. The funds will be used for purchasing Bitcoin and for general corporate purposes. <\/p>\n\n\n\n Later this week, the company stated it could potentially raise up to $786 million from the offering if initial purchasers opt to buy additional notes. Before this announcement, MicroStrategy has a total holdings of 214,400 BTC. The company now owns over 1% of Bitcoin's total supply, which is capped at 21 million BTC.<\/p>\n\n\n\n The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings<\/a><\/p>\n\n\n\n Semler Scientific, a healthcare tech firm, announced last week that it purchased 247 BTC for $17 million. They also said that the company plans to raise $150 million using debt securities and common stocks to raise its bitcoin holdings.<\/p>\n\n\n\n Metaplanet, a Japanese investment firm, shared that<\/a> the company now held 141 BTC since April. The strategic move is said to hedge against Japan's debt. The company plans to acquire more bitcoin by issuing long-dated yen liabilities when the opportunity arises.<\/p>\n\n\n\n Both companies are consistently buying Bitcoin and trying to leverage debts to acquire more BTC.<\/p>\n","post_title":"MicroStrategy Aims For $786 Million In Bitcoin Investment With Convertible Notes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-aims-for-786-million-in-bitcoin-investment-with-convertible-notes","to_ping":"","pinged":"","post_modified":"2024-06-19 23:29:36","post_modified_gmt":"2024-06-19 13:29:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17393","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
MicroStrategy now holds 226,500 Bitcoin on its balance sheet<\/a>, mostly acquired through debt, making its stock a leveraged play on Bitcoin.<\/p>\n\n\n\n See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n Leveraged ETFs are designed to meet daily investment goals. This means that they amplify performance daily but can show different results over longer periods. MSTX carries additional risks due to the use of leverage and its focus on a single stock.<\/p>\n\n\n\n Eric Balchunas, a Senior ETF Analyst at Bloomberg, remarked on X that a leveraged MicroStrategy ETF \"will be the most volatile ETF available in the US market.\"<\/p>\n\n\n\n The SEC recently began approving leveraged single-stock ETFs after years of rejecting similar proposals. GraniteShares and Direxion also received approval for 3x leveraged Tesla and Apple ETFs, respectively. However, leveraged equity ETFs remain a niche market, making up less than 1% of total ETF assets.<\/p>\n\n\n\n Defiance hopes that MSTX, with its connection to Bitcoin, will stand out from other offerings. However, its success will ultimately depend on how investors receive it and MicroStrategy's role as a Bitcoin proxy.<\/p>\n","post_title":"First Leveraged MicroStrategy ETF Approved by SEC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-leveraged-microstrategy-etf-approved-by-sec","to_ping":"","pinged":"","post_modified":"2024-08-19 17:56:58","post_modified_gmt":"2024-08-19 07:56:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18256","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18262,"post_author":"15","post_date":"2024-08-17 04:20:30","post_date_gmt":"2024-08-16 18:20:30","post_content":"\n South Korea's National Pension Service (NPS) revealed <\/a>that it purchased $33.75 million worth of MicroStrategy shares. According to the 13F quarterly report, the NPS acquired 245,000 new shares of MicroStrategy (MSTR) during the second quarter of this year.<\/p>\n\n\n\n The NPS initially ventured<\/a> into indirect Bitcoin investment in the third quarter of last year by purchasing 282,673 shares of Coinbase. The average purchase price for Coinbase shares was $78. The NPS later sold 23,956 shares, realizing some of its gains.<\/p>\n\n\n\n The public pension fund is now increasing its exposure to Bitcoin-related stocks through new investments in MicroStrategy.<\/p>\n\n\n\n MicroStrategy owns 226,500 Bitcoin, which accounts for over 1% of the total Bitcoin supply.<\/p>\n\n\n\n See Related: <\/em><\/strong>South Korean Pension Fund Dives Into Digital Assets With $20 Million Coinbase Investment<\/a><\/p>\n\n\n\n MicroStrategy's Bitcoin strategy is straightforward: the company intends to continue buying more Bitcoin as long as possible. Earlier this month, MicroStrategy announced a $2 billion ATM equity offering program, with the proceeds earmarked for additional Bitcoin purchases.<\/p>\n\n\n\n In March, the company announced a $500 million convertible debt offering, with funds similar to those intended for Bitcoin acquisition. This strategy has caught the interest of other companies, such as Semler Scientific<\/a> and Metaplanet<\/a>, who have adopted similar approaches.<\/p>\n","post_title":"South Korea's Pension Fund Invests With Bitcoin Through MicroStrategy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"south-koreas-pension-fund-invests-with-bitcoin-through-microstrategy","to_ping":"","pinged":"","post_modified":"2024-08-17 04:20:35","post_modified_gmt":"2024-08-16 18:20:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18262","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17393,"post_author":"15","post_date":"2024-06-19 23:29:33","post_date_gmt":"2024-06-19 13:29:33","post_content":"\n MicroStrategy announced that the company planned to issue $500 million worth of unsecured senior convertible notes. The funds will be used for purchasing Bitcoin and for general corporate purposes. <\/p>\n\n\n\n Later this week, the company stated it could potentially raise up to $786 million from the offering if initial purchasers opt to buy additional notes. Before this announcement, MicroStrategy has a total holdings of 214,400 BTC. The company now owns over 1% of Bitcoin's total supply, which is capped at 21 million BTC.<\/p>\n\n\n\n The notes will bear an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, beginning this December. They will mature in June 2032, unless previously repurchased, redeemed, or converted.<\/p>\n\n\n\n
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Leveraged ETF And Investment Goals<\/h2>\n\n\n\n
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