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.
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