MicroStrategy to Sell $1B worth of Company Stock to Buy Bitcoin

MicroStrategy to Sell $1B worth of Company Stock to Buy Bitcoin
фото показано с : coinjournal.net

2021-6-15 16:44

MSTR (NASDAQ) closed 15.89%, or $82.05 up, on its price on 14 June as the news of the new BTC purchase broke.

MicroStrategy is looking to sell up to $1 billion worth of its Class A common stock, with the proceeds of the sale used to buy more Bitcoin, according to a prospectus filed with the US Securities and Exchanges Commission on 14 June.

A Form S-3 document the cloud service provider filed reveals that the company is ready to offload the stock over time.

MicroStrategy CEO Michel Saylor has also confirmed the planned sale on Twitter, revealing that the company had launched an “at the market” securities offering for flexibility” to liquidate the $1 billion worth of MSTR stock.

The news comes hot on the heels of a $500 million sale of senior secured notes, with the money going into a purchase of 11,900 bitcoins. The company’s BTC holdings now stand at 92,079 bitcoins, which the firm says are securely held under the recently formed MacroStrategy LLC subsidiary.

The share price of the MicroStrategy MSTR (NASDAQ) rose by 15.89%, adding about $82.05 to its value after the news hit the market on 14 June. The stock is priced at around $598.49 as of writing.

Since MicroStrategy’s first purchase of BTC, Michael Saylor has become one of Bitcoin’s strongest supporters. He has continually pointed to increased institutional adoption of the benchmark cryptocurrency as a signal of its strength and eventual use as a global currency and store of value.

He also thinks Bitcoin is great for any investment portfolio, recently noting:

“If you invest 5% of your portfolio in Bitcoin, you have made the decision to invest 95% of your portfolio in assets getting demonetised by Bitcoin.”

Bitcoin rose to an all-time high of $64,895 on 14 April but crashed more than 50% to lows of $30,000 by 19 May. The crypto trailblazer has seen its value recover in the past week, with prices currently consolidating near $40,000.

The post MicroStrategy to Sell $1B worth of Company Stock to Buy Bitcoin appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Burency (BUY) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0850086 (-100%)

microstrategy buy bitcoin company stock sell worth

Источник: coinjournal.net

microstrategy buy → Результатов: 93


$600 Million: MicroStrategy Announces Plan to Raise Money to Buy More Bitcoin

Bitcoin has seen some mixed price action over the past couple of days, first seeing a massive selloff before testing new highs of over $50,000 The cryptocurrency has since erased these highs and plunged lower, with bulls failing to take firm control of its price action This has taken a toll on altcoins, with many seeing notable losses as the benchmark crypto continues regaining some recently lost market dominance Although its price action may look […]

2021-2-16 21:00


MicroStrategy Bitcoin buy increases to $1.145 billion - a groundbreaking approach to corporate treasury

In the world of software for corporations, Business Intelligence systems rival spreadsheets in terms of their vanilla, non-controversial status. So why is one of the world’s biggest makers of BI solutions buying bitcoin as fast as it can be mined? The answer could be that MicroStrategy’s founder Michael Saylor can read the writing on the wall.

2021-2-3 14:01


дальше еще 44 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru