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No publiccompany has gone all-in on Bitcoin (CRYPTO: BTC) quite like MicroStrategy (NASDAQ: MSTR) , which has purchased 193,000 bitcoins since 2020. As a result, the enterprise software company's stock is up over 900%, despite its core business stagnating. Are you a prospective investor who has a fear of missing out?
Some of the information we provide during today's call regarding our future expectations, plans, and prospects may constitute forward-looking statements. Lastly, bitcoins purchased through excess cash from the software business are also held at MicroStrategy, the parent entity, and also collateralized our 2028 senior secured notes.
If you go back to the WMIH merger in 2018, which is when we became a fully independent publiccompany, our first priority was deleveraging, which we accomplished by refinancing our senior notes and extending our liquidity runway. Now, that's the lowest level of Mr. Cooper's history as a publiccompany. That's up to you.
In closing, I'd like to highlight once again the disconnect between a dominant platform with strong growth prospects and double-digit returns and a stock that trades at a discount. billion at quarter-end comprised of 553 million in cash with the remainder in MSR line capacity, which is fully collateralized and immediately available.
Some of the information we provide during today's call regarding our future expectations, plans and prospects may constitute forward-looking statements. And what does the company do? It prospects and drills. And what is the company worth? I will be your moderator for MicroStrategy's 2024 third-quarter earnings webinar.
Some of the information we provide during today's call regarding our future expectations, plans, and prospects may constitute forward-looking statements. The Bitcoin we acquired using proceeds from our convertible notes offering in Q2 are held at MicroStrategy, the parent, and serve as collateral securing our 2028 senior secured notes.
Our exited collateral protection insurance product line, or CPI, added 2.3 First, early last year, we exited several product lines, including primary casualty retail, business owners policy, risk managed excess construction, risk managed architects and engineers, and collateral protection insurance. points last year.
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