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So what Through most of his half-century career, Icahn has been the one putting pressure on publiccompanies. The firm called Icahn Enterprises "substantially overvalued," saying the company overstated the value of its portfolio and relies on a "Ponzi-like" structure to fund operations.
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?
Bitcoins acquired through proceeds from debt activities that occurred after the issuance of our senior secured notes, namely the two recent convertible note issuances in Q1, are held at MicroStrategy, the parent, and also serve as collateral securing our 2028 senior secured notes. So, we are a publiccompany and an operating company.
I'll note that this is the 16th consecutive quarter as a publiccompany, in which we have met or exceeded our revenue guidance. C3 AI and Microsoft will create joint webinar sales collateral to train the Microsoft and C3 AI sales forces on our joint offering solutions and value propositions.
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.
You can see this quality in our 60-day delinquencies, which continued to decline during the third quarter on an overall basis and in each loan category with our MSR portfolio showing the lowest delinquency levels in our history as a publiccompany. So, let's dive into equity where we had a record level of 2.7
Tom O'Hern -- Chief Executive Officer Yeah, that was just the renewal of a kitchen sink shelf that virtually every publiccompany has available. Danbury, you know, so the Sears box is completely outside that collateral. So, just wanted to get your latest thoughts on issuing equity or, you know, capital raising going forward.
The bank usually wants all this collateral. John said, Whole Foods was a publiccompany for 25 years. But the biggest thing John said was, we got this $100,000 loan from our bank, which surprised me at the time. Because it was just on my signature, and my signature was worthless. I couldn't believe it.
And then you ask the question, why do you even want to be a publiccompany if you're not actually tapping into the capital markets in order to provide them with a public security that's interesting for them to buy, sell, trade, talk about hedge arbitrage etc.? And like we've generated fixed coupons. That's an awful idea.
And what was interesting was the first leveraged buyout of a publiccompany happened when I was in graduate school. KKR took a stock exchange company called who Houdaille, private, and it was the first time there’ve been — RITHOLTZ: ’79 or something like that? And so it was a whole new idea, I found it very interesting.
I couldn't believe it, the bank usually wants all this collateral, and we're just going to screw it. Whole Foods was publiccompany for 25 years. But the biggest thing was we got this $100,000 loan from our bank, which surprised me at the time, because it was just on my signature, and my signature was worthless.
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. billion in current market value, all of which are currently unrestricted and unencumbered. But we think it's pretty clear.
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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