MicroStrategy completed the sale of $500 million in bonds and immediately announced plans to sell $1 billion in shares. The proceeds will be used to purchase bitcoins.
Earlier this month, MicroStrategy reported onplans to sell bonds worth $ 400 million. However, the demand for securities turned out to be higher, and the company's management carried out an additional issue of bonds. The total amount of funds received was $ 500 million, while the interest of investors was up to $ 1.6 billion.
The proceeds will be used to buy bitcoins.At the same time, the management of MicroStrategy plans to further increase BTC reserves and sell shares of the company in the amount of $ 1 billion. The application filed by the company with the US Securities and Exchange Commission (SEC) emphasizes:
“We plan to use the funds receivedfrom the sale of common stock, for general corporate purposes, including the purchase of bitcoins. At the same time, the management will retain broad powers to distribute funds. "
Currently on MicroStrategy walletsmore than 92,000 BTC are stored. Their value at the current rate exceeds $ 3.7 billion. Earlier, the CEO of MicroStrategy Michael Saylor (Michael Saylor) said that he controls 111,000 BTC and is not going to sell cryptocurrency.
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