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.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 90.8% | 4 | $26 284.93 | 0.40% | -1.58% | $512 450 303 832 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 89.6% | 6 | $1 590.77 | 0.91% | -2.61% | $191 259 893 789 | ||
3 | ![]() |
Tether predictions | 94.8% | 1 | $0.999945 | 0% | -0.03% | $83 203 336 292 | ||
4 | ![]() |
Binance Coin predictions | 90.4% | 4 | $211.48 | 1.43% | -2.18% | $32 535 832 612 | ||
5 | ![]() |
XRP predictions | 92.4% | 8 | $0.503892 | 0.71% | 0.08% | $26 829 848 518 | ||
6 | ![]() |
USD Coin predictions | 94.8% | 1 | $1.000097 | 0.01% | 0% | $25 662 645 608 | ||
7 | ![]() |
Lido stETH predictions | 94.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
8 | ![]() |
Cardano predictions | 94% | 7 | $0.246497 | 0.97% | -2.26% | $8 657 571 831 | ||
9 | ![]() |
Dogecoin predictions | 94% | 6 | $0.061028 | 0.22% | -1.62% | $8 614 628 399 | ||
10 | ![]() |
Wrapped TRON predictions | 86% | 17 | $0.083146 | -0.31% | 0.29% | $8 453 971 571 | ||
11 | ![]() |
Solana predictions | 87.2% | 23 | $19.34 | -0.18% | -2.27% | $7 984 181 258 | ||
12 | ![]() |
TRON predictions | 83.2% | 20 | $0.084559 | 1.10% | 0.67% | $7 535 502 870 | ||
13 | ![]() |
Toncoin predictions | 62.4% | 79 | $2.15 | -2.42% | -11.06% | $7 377 709 332 | ||
14 | ![]() |
Dai predictions | 91.2% | 1 | $0.999944 | 0.04% | 0% | $5 347 589 340 | ||
15 | ![]() |
Polkadot predictions | 87.6% | 23 | $4.09 | 2.02% | -0.27% | $5 277 683 110 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2023 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.