Data: MicroStrategy has a market capitalization of approximately $86 billion, nearly three times the value of its 331,200 bitcoins

ChainCatcher news, MicroStrategy (MSTR.O) stock price rose 13% on Monday, closing at $384.79, having reached an all-time high earlier in the day. It is reported that MicroStrategy is leveraging its soaring stock price to issue a $1.75 billion convertible bond, planning to use the proceeds to purchase more Bitcoin.

Affected by short selling from arbitrageurs ahead of the convertible bond trading, the company's stock price fell 1% in after-hours trading to $381. MicroStrategy's market capitalization is approximately $86 billion, nearly three times the value of its 331,200 Bitcoins held. The company is the largest corporate holder of Bitcoin globally, with its holdings accounting for over 1.5% of the total supply. MicroStrategy believes that purchasing Bitcoin through issuing stocks and convertible bonds creates value for shareholders. (coinpaper)