How did issuing Stretch affect the capital stack?
Replied byPhong Lee
President & CEO at Strategy (formerly MicroStrategy)
Niche: Technology, SaaS, AI, Finance, Cryptocurrency
Revenue: $1M+/month
Location: USA
Started: 2020
We issued about $2.5 billion of Stretch with zero upfront dilution and bought Bitcoin. That is accretive to BTC yield, supports the equity, and helps the rest of the stack. It also increases demand for Bitcoin.
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