April 21, 2024

MicroStrategy may spend another $ 1 billion to buy bitcoins

MicroStrategy may spend another $ 1 billion to buy bitcoins

MicroStrategy has announced plans to sell shares worth up to $ 1 billion with the option of investing the proceeds in bitcoin.

This is written in the application of the Securities and Exchange Commission.According to the S-3 form sent to the regulator, the company plans toConduct a round of sale of Class A common stock to raise funds for general corporate needs.

In the application, MicroStrategy does not specify any specific purposes for the use of net income fromsecurities, indicating that the management retains a wide range ofPossibledirections of its distribution, including the purchase of bitcoins.

Last week, the company's co-founder, Michael Saylor, also revealed that the firm plans toraise $500 million through convertible bonds, which will be fullyWith this in mind, MicroStrategy could potentiallyinvest up to $1.5 billion more in BTC .

At the moment, the company already has more than 92 thousand bitcoins on its balance sheet, the value of which at the current exchange rate is $ 3.7 billion.

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