MicroStrategy will issue $400 million in securities to buy more Bitcoin
Leading business intelligence firm MicroStrategy is doubling-down on Bitcoin, announcing a securities offering to raise $400 million to invest in BTC. The world’s largest publicly traded business intelligence firm, MicroStrategy has announced plans to invest the proceeds from a $400 million securities offering into Bitcoin.On Dec. 7, the firm revealed plans to issue $400 million in convertible senior notes — a debt security that can be converted into the issuing company’s shares. The announcement stated:“Microstrategy intends to invest the net proceeds from the sale of the notes in....
Related News
On Friday, the incorporated and publicly listed business intelligence (BI) firm, Microstrategy announced the company has acquired an additional $10 million in bitcoin. The company’s CEO Michael Saylor revealed the latest purchase on Twitter with a link to a Form 8-K Securities and Exchange Commission (SEC) filing registered on March 5, 2021. Microstrategy’s Bitcoin Buying Spree Continues Microstrategy continues its bitcoin (BTC) buying spree announcing it bought an additional $10 million worth on Monday. The BI company’s CEO revealed the new acquisition on Friday, March....
The company's Q3 Bitcoin spend now stands at almost $420 million following this latest BTC acquisition. Business intelligence outfit and corporate Bitcoin (BTC) whale MicroStrategy has increased its BTC ownership with the additional purchase announced on Monday.MicroStrategy CEO Michael Saylor announced the purchase of 5,050 BTC for about $242.9 million at an average of $48,099 per coin.In a Form 8-K filing with the United States Securities and Exchange Commission published on Monday, MicroStrategy stated that it has added 8,957 BTC to its corporate Bitcoin treasury in Q3 2021.As....
Nasdaq-listed billion-dollar company Microstrategy has made its third large bitcoin purchase. The company now holds about 40,824 bitcoins, worth over $780 million at the current price. Microstrategy’s Third Bitcoin Buy Microstrategy Inc. (NASDAQ: MSTR) has bought more bitcoins. CEO Michael Saylor tweeted Friday: Microstrategy has purchased approximately 2,574 bitcoins for $50.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,427 per bitcoin. We now hold approximately 40,824 bitcoins. Microstrategy also informed the U.S.....
In a Form S-3 filed with the SEC on November 10, Overstock.com sought approval to issue up to $500 million in new securities "from time to time" in the form of common stock, preferred stock, depositary shares, warrants, debt securities or units. But approval of this S-3 is in not an immediate sign that Overstock is issuing any securities. "This prospectus provides you with a general description of the security we may offer," Overstock wrote in its S-3. "Each time we sell securities, we will provide a prospectus supplement that will contain specific information about the terms of that....
Nasdaq-listed Microstrategy has purchased 5,050 more bitcoins for $243 million, raising its total bitcoin holdings to 114,042 coins.
Microstrategy Continues to Grow Its Bitcoin Stash
The pro-bitcoin software company Microstrategy announced Monday that it has purchased more bitcoins. CEO Michael Saylor tweeted:
Microstrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average price of ~$48,099 per bitcoin. As of 9/12/21 we hodl ~114,042 bitcoins acquired for ~$3.16 billion at an average price of ~$27,713 per bitcoin.
The....