Bloomberg: Cryptocurrency gains make a handful of companies following MicroStrategy's lead

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ODAILY
12-09
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Odaily Planet Daily Report: Due to the fact that Donald Trump has chosen a crypto-friendly financier to lead the top U.S. financial regulatory agency, the rise in cryptocurrency has made a few companies that have followed 's strategy of selling convertible bonds the winners. These companies have followed 's capital strategy of issuing convertible bonds to raise funds to purchase Bitcoin. Investors have flocked to companies associated with the industry, opening the floodgates for financing. 's $6.2 billion in convertible bonds issued this year is just the beginning, as part of its latest plan to raise $21 billion through fixed-income issuance. Other companies have also ridden this wave, with selling over $2 billion in assets (also to buy Bitcoin), and having raised over $1 billion so far this year. (Bloomberg)

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