Let me get this right.
5 out of the 6 convertible bonds for
$MSTR are eligible for conversion, carrying an interest expense 0.811% at an annualized rate of $34.6 million.
If these bonds get converted early, and the debt is wiped off the balance sheet (other than the 2029 bonds, which are 0%).
This would put
@saylor in an even more favourable position and get even better terms for the next convertible bond offerings. Borrow more, less interest.
The room to run here will be huge.