BenWerkman on Nostr: $MSTR Convertible Notes - Conversion Eligibility Watch Highlight - Just more close ...
$MSTR Convertible Notes - Conversion Eligibility Watch
Highlight - Just more close above $302.54 left before all 5 of these notes are eligible for early conversion by the bond holders leaving only the 2029 notes ineligible moving forward. That is $4,263,750,000 in bonds eligible for conversion to shares at any time. Pretty crazy!
2027 Notes ($1.05B / 7,330,050 Shares)
Holder Early Conversion Eligible ✅
MSTR Cash Redemption Eligible ✅
2028 Notes ($1.01B / 5,513,489 Shares)
Holder Early Conversion Eligible ✅
MSTR Cash Redemption Eligible ❌
2030 Notes ($800M / 5,341,600 Shares)
Holder Early Conversion Eligible ✅
MSTR Cash Redemption Eligible ❌
2031 Notes ($603.75M / 2,594,310 Shares)
Holder Early Conversion Eligible ❌
MSTR Cash Redemption Eligible ❌
We have had 19 closes above the $302.54 130% trigger price in the last 19 day. We need 1 more close above $302.54 over the next 11 trading days. Tick tock.
2032 Notes ($800M / 3,915,200 Shares)
Holder Early Conversion Eligible ✅
MSTR Cash Redemption Eligible ❌
Reminder: This is only tracking bonds in the early conversion eligibility countdown window. There is no obligation for the bond holders to convert or for MSTR to redeem for cash (2027 are the only notes eligible for cash redemption).
Highlight - Just more close above $302.54 left before all 5 of these notes are eligible for early conversion by the bond holders leaving only the 2029 notes ineligible moving forward. That is $4,263,750,000 in bonds eligible for conversion to shares at any time. Pretty crazy!
2027 Notes ($1.05B / 7,330,050 Shares)
Holder Early Conversion Eligible ✅
MSTR Cash Redemption Eligible ✅
2028 Notes ($1.01B / 5,513,489 Shares)
Holder Early Conversion Eligible ✅
MSTR Cash Redemption Eligible ❌
2030 Notes ($800M / 5,341,600 Shares)
Holder Early Conversion Eligible ✅
MSTR Cash Redemption Eligible ❌
2031 Notes ($603.75M / 2,594,310 Shares)
Holder Early Conversion Eligible ❌
MSTR Cash Redemption Eligible ❌
We have had 19 closes above the $302.54 130% trigger price in the last 19 day. We need 1 more close above $302.54 over the next 11 trading days. Tick tock.
2032 Notes ($800M / 3,915,200 Shares)
Holder Early Conversion Eligible ✅
MSTR Cash Redemption Eligible ❌
Reminder: This is only tracking bonds in the early conversion eligibility countdown window. There is no obligation for the bond holders to convert or for MSTR to redeem for cash (2027 are the only notes eligible for cash redemption).