GuShiio.com Strategy (formerly MicroStrategy) will become the largest issuer of convertible bonds in the United States in 2025, accounting for 30% of the market. The company issued US$2 billion in convertible bonds during the year, with a total of 6 outstanding bonds reaching US$8.2 billion, with an average maturity of 5.1 years and a coupon rate of 0.421%. As of March 6, its share price has rebounded by about 30% from its February 28 low, but since the launch of the Bitcoin Reserve Program in August 2020, it has experienced eight retracements exceeding 30%, with a recent decline of 58%. The company is still aiming to include the SP500, requiring Bitcoin to reach US$96,000 at the end of the first quarter. (CoinDesk)
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