BenWerkman on Nostr: $MSTR Convertible Notes - Conversion Eligibility Watch Highlight - The 2032 Notes are ...
$MSTR Convertible Notes - Conversion Eligibility Watch
Highlight - The 2032 Notes are now eligible for early conversion by the bond holders! That means 4/6 existing bonds are eligible for conversion at anytime. The 2031 notes are on track to be eligible by close of markets on Tuesday (12/10). The newly issued 2029 bonds are not yet eligible for an early conversion countdown and thus are excluded currently from this tracking list.
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 18 closes above the $302.54 130% trigger price in the last 18 day. We need 2 more closes above $302.54 over the next 12 trading days.
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 - The 2032 Notes are now eligible for early conversion by the bond holders! That means 4/6 existing bonds are eligible for conversion at anytime. The 2031 notes are on track to be eligible by close of markets on Tuesday (12/10). The newly issued 2029 bonds are not yet eligible for an early conversion countdown and thus are excluded currently from this tracking list.
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 18 closes above the $302.54 130% trigger price in the last 18 day. We need 2 more closes above $302.54 over the next 12 trading days.
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).