Key Takeaways
- MicroStrategy enters the top 100 U.S. public companies by market cap.
- The company upsized its convertible debt offering to $2.6 billion.
- MicroStrategy's Bitcoin holdings are valued at over $30 billion.
MicroStrategy has entered the top 100 U.S. publicly traded companies, ranking 97th after its market cap approached $100 billion.
This milestone was driven by a 12% surge in its stock price on Nov. 19, fueled by Bitcoin’s all-time high of over $94,000.
Year-to-date gains
Year-to-date, the company’s shares have risen an astonishing 528%.
On Wednesday morning, the stock gained an additional 6.6% premarket as Bitcoin continued its upward trajectory.
$2.6B debt offering
MicroStrategy announced it would increase its latest convertible debt offering from $1.75 billion to $2.6 billion.
This is the company’s largest offering to date, with proceeds earmarked for further Bitcoin purchases.
The offering features 0% interest rates and maturities ranging from 2027 to 2032.
Bitcoin holdings
Currently, MicroStrategy holds 331,200 Bitcoin, valued at over $30 billion at today’s prices.
The company’s Bitcoin holdings represent a significant portion of its nearly $100 billion valuation.
