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   Technology StocksMicroStrategy Inc. (MSTR)


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To: Condo who wrote (705)11/1/2009 6:41:05 PM
From: robert b furman
   of 712
 
I love it when a company reports earnings in a "diluted Number in the headlines - Oh yea a modest $1.73 for Q3, with 200 million in cash.

ir.microstrategy.com

Surprised this board hasn't been lit up long ago.

I'm not much of a buyer of 80 stocks but it wasn't too long ago this stock sold at 35.00.

Must be doing a lot very right!!

Anyone know some history - I'd love to hear about it!

Bob

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To: robert b furman who wrote (706)11/1/2009 8:18:01 PM
From: Condo
   of 712
 
Strong chart and ROE > 30 too.

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To: Condo who wrote (707)11/2/2009 8:00:16 AM
From: robert b furman
1 Recommendation   of 712
 
Hi Shamble,

Good to see you are out there.

Amazing how this little jewel has been such a sleeper.

Bob

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From: Glenn Petersen11/26/2020 3:17:47 PM
2 Recommendations   of 712
 
In August, MicroStrategy purchased 21,454 bitcoins at an average price of $11,653. Total investment: $250 million.

Blockchain and Cryptocurrencies Message Board - Msg: 32879305 (siliconinvestor.com)

h/t Claude Cormier


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To: robert b furman who wrote (706)3/22/2021 9:27:23 AM
From: Sr K
   of 712
 
Further, today

MicroStrategy itself is a Bitcoin holder that keeps 91,326 Bitcoin (approximately $5,256,277,062) as an inflation hedge, after buying another BTC portion of 262 coins recently.

As covered by U.Today earlier, in December Saylor addressed Elon Musk with a tweet suggesting that he is converting the Tesla balance sheet from USD to Bitcoin.

After answering Musk's question about the possibility of such large transactions, Saylor offered to share his order book with the Tesla CEO offline: "from one rocket scientist to another."

Saylor graduated from MIT, where he studied aeronautics, which also makes him a rocket scientist.

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From: Sr K6/7/2021 5:13:20 PM
   of 712
 
MicroStrategy to Sell New Bitcoin Bond

Software provider doubles down on bet that digital assets will outperform cash

wsj.com


MicroStrategy Chief Executive Michael Saylor.PHOTO: JOE RAEDLE/GETTY IMAGES

By
Sebastian Pellejero

June 7, 2021 3:38 pm ET

MicroStrategy Inc. is borrowing $400 million in junk bonds to buy more bitcoin, adding to the company’s bet that digital assets will outperform cash.

The Tysons Corner, Va.-based company is selling $400 million in bonds to add to its existing bitcoin holdings, according to a Monday news release. The new notes due in 2028 will be backed by claims on the business and “any bitcoins or other digital assets” acquired after the deal closes, but excluding any claim on the company’s existing digital asset portfolio, the release says.

In a filing Monday, MicroStrategy also said it expects to post a $284.5 million loss, “based on fluctuations in market price of bitcoin,” during its next earnings report. The company held over 92,000 bitcoins as of mid-May, according to company filings.

Prices on the company’s existing debt have fallen in recent months. The company’s $550 million convertible note due 2025 recently traded at 135.073 cents on the dollar, according to MarketAxess. That is down from around 200 cents at the start of April. Investors can exchange convertible debt for stock if shares hit a predetermined price.

MicroStrategy’s $1 billion convertible note due 2027 is trading at 67.307 cents on the dollar, implying a 7.089% yield. That is down from around 101 cents in February. Shares fell around 3% Monday afternoon.

Excerpt

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To: Sr K who wrote (711)6/8/2021 9:25:32 AM
From: robert b furman
   of 712
 
Hi Sr K,

Rockets AND BITCOIN are too explosive for this investor.

Those high debt risk situations scare me away every time.

The slow steady form of investing is far more attractive to this non-rocket scientist. <smile>

Bob

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