Following massive BTC purchase announcement, MicroStrategy says it may sell u...
The firm said it intended to use the proceeds from the offering “for general corporate purposes, including the acquisition of Bitcoin.” The same day business intelligence firm MicroStrategy announced it would use $488 million from the proceeds of a private offering sale to buy Bitcoin, the company said it may also sell up to $1 billion of its stock for the same reason.In a Monday S-3 filing for the U.S. Securities and Exchange Commission, MicroStrategy said it would be launching an “at the market” securities offering which would allow it to sell up to $1 billion of its Class A Common stock....
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MicroStrategy has proved it is not slowing down anytime soon when it comes to buying bitcoin. Not long after news broke that the firm had taken a $200 million loan to purchase bitcoin, it has made its first announcement that it has purchased BTC presumably using the loan it had secured earlier. This latest purchase […]
MicroStrategy has announced an additional Bitcoin purchase to the tune of $489 million. MicroStrategy has bought even more Bitcoin (BTC) despite the current price struggles for the largest crypto by market capitalization.According to an announcement on Monday, the business intelligence firm purchase 13,005 BTC at an average price of $37,617 for a combined total of about $489 million.Monday's report takes MicroStrategy's Bitcoin balance sheet north of the 100,000 mark with the firm now holding 105,085 BTC.At the current BTC spot price, MicroStrategy's Bitcoin holdings are worth $2.74....
The publicly listed company Microstrategy announced that it has plans to purchase more bitcoin after acquiring 71,079 bitcoin during the last six months. On Tuesday, Microstrategy revealed its plans to sell $600 million in convertible senior notes to qualified institutional buyers in order to use the funds for bitcoin. Selling Convertible Notes for Bitcoin At around 7:59 a.m. (EST) on Tuesday morning, Microstrategy (Nasdaq: MSTR) CEO, Michael Saylor tweeted about a new private sale his firm is committing to in order to sell $600 million in convertible senior notes. Microstrategy’s....
Microstrategy has purchased more bitcoin amid a heavy market sell-off. The announcement followed a clarification by the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, stating that bitcoin is a commodity. Microstrategy Buys the Dip The Nasdaq-listed software company Microstrategy has bought the bitcoin dip again. In a Wednesday filing with the U.S. Securities and Exchange Commission (SEC), the company declared that during the period between May 3 and June 28, it “acquired approximately 480 bitcoins for approximately $10.0 million in cash, at an average....
Since Microstrategy’s $500 million sale in debt offerings, the publicly traded software company has taken further steps to fuel its Bitcoin hoarding. In an announcement earlier this Tuesday, Microstrategy indicated through an SEC filing that it had planned to sell up to $1 billion of its shares. The specifics of the offering were all detailed […]