MicroStrategy says it may sell up to $1B in stock
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 over time. The firm said it intended to use the proceeds from the offering “for general corporate purposes, including the acquisition of Bitcoin.”
“Bitcoin does not pay interest or other returns and so ability to generate a return on investment from the net proceeds from this offering will depend on whether there is appreciation in the value of Bitcoin following our purchases of Bitcoin with the net proceeds from this offering,” said the filing. “Future fluctuations in Bitcoin trading prices may result in our converting Bitcoin purchased with the net proceeds from this offering into cash with a value substantially below the net proceeds from this offering.”
According to the SEC filing, MicroStrategy held 92,079 Bitcoin (BTC) — roughly $3.7 billion at the time of publication — as of June 4, with the company saying today it intended to purchase an additional $488 million in the cryptocurrency. The filing shows MicroStrategy purchased its existing holdings at an average BTC price of $24,450, meaning that the company has seen the value of its crypto increase by almost $1.5 billion.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 86.8% | 25 | $57 670.14 | -0.59% | -0.70% | $1 139 148 783 482 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 75.6% | 41 | $2 342.64 | -1.65% | -4.32% | $281 884 997 323 |  |
|
| 3 |  USDT |
Tether predictions | 93.2% | 1 | $1.000129 | 0.02% | 0.03% | $118 391 696 277 |  |
|
| 4 |  BNB |
Binance Coin predictions | 84% | 30 | $533.52 | 2.27% | 4.82% | $77 858 920 081 |  |
|
| 5 |  SOL |
Solana predictions | 77.6% | 37 | $132.68 | -2.82% | -0.16% | $62 087 655 139 |  |
|
| 6 |  USDC |
USD Coin predictions | 96% | 1 | $0.999946 | 0% | 0.01% | $35 363 581 184 |  |
|
| 7 |  XRP |
XRP predictions | 79.2% | 33 | $0.537301 | -0.57% | -3.56% | $30 265 803 031 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 84.8% | 29 | $0.101661 | -1.33% | 3.77% | $14 833 994 807 |  |
|
| 9 |  TON |
Toncoin predictions | 63.2% | 77 | $5.31 | -2.73% | 15.72% | $13 456 511 961 |  |
|
| 10 |  TRX |
TRON predictions | 74% | 55 | $0.153225 | 0.04% | 2.44% | $13 286 247 335 |  |
|
| 11 |  ADA |
Cardano predictions | 78.8% | 37 | $0.347262 | 1.08% | 7.62% | $12 487 754 764 |  |
|
| 12 |  STETH |
Lido stETH predictions | 91.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 13 |  WTRX |
Wrapped TRON predictions | 94.4% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
|
| 14 |  WBTC |
Wrapped Bitcoin predictions | 94% | 1 | $65 806.83 | 0.78% | -2.68% | $10 083 957 608 |  |
|
| 15 |  AVAX |
Avalanche predictions | 72% | 61 | $23.44 | -3.70% | 7.22% | $9 502 218 450 |  |
