MicroStrategy Inc. co-founder and Chairman Michael Saylor says he wants to add more "intelligence leverage" for shareholders of the dot-com-era software maker turned leveraged Bitcoin proxy.
"We have $7.2 billion dollars in converts, and $4 billion is essentially equity through the strike price, the call price, and they are trading with a delta of approximately 100%, they are looking like equity," Saylor said Wednesday during an interview on Bloomberg Television. "We would like to go back and build more intelligent leverage for the benefit of our common stock shareholders."