MicroStrategy stock slips after outlining options for buying more bitcoin

MicroStrategy (NASDAQ:MSTR) shares fall as much as 3.5% after CEO Michael Saylor said the company is open to partnerships, credit lines, and asset-backed financings to raise capital to buy more bitcoins. Note that bitcoin (BTC-USD), which almost hit $64K earlier this week, is drifting down to ~$61.2B. In recent trading, MSTR rises 0.4%. "So we're constantly evaluating the bitcoin market and the market for our equity and the debt markets, both the convertible debt markets and the senior debt markets and other options, just to consider whether there is an opportunity for a capital raise that makes sense," Saylor said during the company's earnings call. While at times MicroStrategy (MSTR) thought the most accretive action to acquire bitcoin (BTC-USD) was a convertible debt issuance, in Q2, the company decided a senior secured note was more accretive. "It's impossible for us to know exactly what the right activity is going to be going forward