Data: MicroStrategy's current market value is nearly three times the value of its 331,200 Bitcoins

Odaily Planet Daily reported that MicroStrategy (MSTR.O) stock price rose 13% on Monday, closing at $384.79, and hit a new all-time high earlier in the day. It is reported that MicroStrategy is using its soaring stock price to issue a $1.75 billion convertible bond, planning to use the proceeds to purchase more . Affected by the pre-arbitrage short selling of the convertible bond transaction, the company's stock price fell 1% in after-hours trading, to $381. MicroStrategy's market value is about $86 billion, which is currently nearly three times the value of the 331,200 it holds. The company is the world's largest corporate holder, holding more than 1.5% of the total supply. MicroStrategy believes that purchasing through the issuance of stocks and convertible bonds has a value-added effect for shareholders. (coinpaper)