MicroStrategy announces debt buyback amid potential tax on BTC gains
According to data from SaylorTracker, MicroStrategy shares are currently trading at a net asset value (NAV) of 1.86x.
MicroStrategy (MSTR) has issued a redemption notice for its 2027 convertible senior note tranche, valued at $1.05 billion, and will settle all conversion requests for the note offering.
According to a Jan. 24 announcement, note-holders have until Feb. 24 to redeem their securities at 100% of the principal amount or convert each $1,000 block of notes to Class A MicroStrategy stock at roughly $142 per share.
The company’s announcement came amid reports of a potential tax bill on $19 billion in unrealized capital gains due to the Corporate Alternative Minimum Tax stipulated in the Inflation Reduction Act of 2022.
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Author: Vince Quill
