The Value of Notes: Tech Giant's Bitcoin Accumulation Strategy

The note which is valuable? What defines a value, is it the importance you attach to it?A tech giant has open sales on what they call “NOTES” these notes is said to have a shares of microstrategy A class stock. When purchased these notes can be converted to cash, in a statement the tech giant [says](https://www.microstrategy.com/press/microstrategy-announces-pricing-of-offering-of-convertible-senior-notes_03-15-2024) that; “The notes will be convertible into cash, shares of MicroStrategy’s class A common stock, or a combination of cash and shares of MicroStrategy’s class A common stock, at MicroStrategy’s election… MicroStrategy estimates that the net proceeds from the sale of the notes will be approximately $515.0 million (or approximately $592.3 million if the initial purchasers exercise in full their option to purchase additional notes)… MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional Bitcoin and for general corporate purposes.” In the crypto space when you talk about the biggest cryptocurrency player micro strategy comes into mind. The accumulation of bitcoin (king crypto) doesn’t seem to come to end, as they said proceeds from the sales part of it will be used to accumulate more of the digital currency Bitcoin.