Bloomberg: The rise of cryptocurrencies has made a few companies that emulate MicroStrategy's strategy winners

ChainCatcher news, according to Bloomberg, due to Donald Trump's choice of a cryptocurrency-friendly financier as the head of the U.S. top financial regulatory agency, the rise of cryptocurrencies has made a few companies that mimic MicroStrategy's convertible bond sale strategy winners. These companies have followed MicroStrategy Inc.'s strategy of raising funds through the sale of convertible bonds to purchase Bitcoin.

Investors have flocked to companies connected to the industry, opening the floodgates for financing. The $6.2 billion convertible bonds issued by MicroStrategy this year are just the beginning, as part of its latest plan to raise $21 billion through fixed-income issuance. Other companies have also followed this trend, with MARA Holdings Inc. selling over $2 billion in assets (also to purchase Bitcoin), while Core Scientific Inc. has raised over $1 billion so far this year.