Bitcoin
BTC$68 622.46

1.24%

Ethereum
ETH$3 762.98

-1.36%

Tether
USDT$0.999559

0.04%

Binance Coin
BNB$596.61

-0.17%

Solana
SOL$168.14

-0.27%

USD Coin
USDC$1.000143

0.02%

MicroStrategy says it may sell up to $1B in stock


15 Jun 2021

#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 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.


Related

NordFX Copy Trading: A Comprehensive Guide to Maximizing Profits
NordFX Copy Trading: A Comprehensive Guide to Maximizing Profits
Tips to Choose the Right Second Citizenship Program
Tips to Choose the Right Second Citizenship Program
Bitcoin’s continued slide down
Bitcoin’s continued slide down
A new round of crypto market mistrust
A new round of crypto market mistrust
Bitcoin holds its range, but pressure mounts
Bitcoin holds its range, but pressure mounts
Bitcoin unlikely to end correction
Bitcoin unlikely to end correction
Bitcoin looks set to take a severe dive
Bitcoin looks set to take a severe dive
Bitcoin set for a deeper correction
Bitcoin set for a deeper correction
Bitcoin falls under pressure
Bitcoin falls under pressure

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 76.8% 49 $68 622.46 1.24% 0.74% $1 352 244 970 263 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 62.8% 83 $3 762.98 -1.36% -1.61% $452 083 033 581 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.8% 1 $0.999559 0.04% 0.01% $111 914 379 929 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 91.2% 6 $596.61 -0.17% 0.68% $88 050 989 954 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 66.4% 76 $168.14 -0.27% -1.52% $77 280 895 051 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $1.000143 0.02% 0.03% $32 201 625 416 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 92.4% 6 $0.523086 -1.19% -0.39% $28 994 915 330 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 72% 57 $0.161771 -1.91% 2.26% $23 376 533 651 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 85.2% 20 $0.450920 -1.89% -3.28% $16 097 047 218 ADA 7 days price change
10 SHIBA INU (SHIB) SHIB SHIBA INU predictions 78.8% 43 $0.000027 -1.69% 10.35% $15 773 784 154 SHIB 7 days price change
11 Toncoin (TON) TON Toncoin predictions 70.8% 56 $6.51 0.46% 3.89% $15 688 017 839 TON 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 74% 52 $36.79 -0.26% -3.62% $14 458 940 999 AVAX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 59.6% 88 $18.36 -3.51% 15.15% $10 780 432 071 LINK 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 72.4% 50 $68 415.57 0.91% 0.44% $10 636 328 083 WBTC 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 92.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.