👉 Sold at par 👉 0% coupon 👉 Unsecured debt 👉 Option to convert to equity at $672/share For the loan of the principal you're getting an option to buy $MSRT stock at $672 in 2029 - 60% higher than the current share price of ≈ $420 Why not just buy $BTC directly? 🤷‍♀️