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MicroStrategy: Wall Street's Bitcoin Bet and Hedge Fund Darling

1 min read
Source: Bloomberg
MicroStrategy: Wall Street's Bitcoin Bet and Hedge Fund Darling
Photo: Bloomberg
TL;DR

MicroStrategy's stock has surged over 500% this year, driven by CEO Michael Saylor's aggressive Bitcoin acquisitions funded through convertible bond sales. Hedge funds, including Calamos Advisors, are capitalizing on this by engaging in market-neutral arbitrage strategies that leverage the volatility of these bonds. This has made MicroStrategy a hot trade on Wall Street.

Topics:businessfinance#bitcoin#convertible-bonds#finance#hedge-funds#market-volatility#microstrategy
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  1. Hedge Funds Are Making MicroStrategy Wall Street’s Hottest Trade  Bloomberg
  2. MicroStrategy gives up big gain, turns negative despite bitcoin $100,000 milestone  CNBC
  3. Hedge Funds Make MicroStrategy Wall Street’s Hottest Trade  Yahoo Finance
  4. MicroStrategy Stock Soars Today. How Much Its Bitcoin Holding Is Worth.  Barron's
  5. Why Hedge Funds Are Betting Big on MicroStrategy’s (NASDAQ:MSTR) Bitcoin Strategy  TipRanks

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