Microstrategy (its new name Strategy) added a new one to its bold moves to increase Bitcoin reserves. The company applied to the US Securities and Stock Exchange Commission (SEC) for the sale of $ 500 million. The company, which plans to buy more Bitcoin with these funds, aims to overcome the 500,000 BTC dam.
The company will sell its shares and buy Bitcoin
Microstrategy said that he would offer 5 million 10.00% A series of Stripte privileged stocks to collect $ 500 million in the file he offered to SEC. Each of these shares will be worth 100 dollars and a total increase of $ 500 million will take place.
The company stressed that the revenues to be obtained will be used for corporate activities and working capital, but the main target is Bitcoin purchase. However, it was pointed out that the value of assets purchased due to fluctuations in Bitcoin price may change over time.
Microstrategy announced its plan to collect $ 21 billion two weeks ago. At that time, the 8.00% A series of indefinite strike privileged shares of each of each of the $ 0.001 dollar was planned to sell. This great funding goal shows that the company’s BTC strategy is even more aggressive.
The company is leading with 499.226 Bitcoin
Microstrategy’s latest application came after the company announced that it had purchased 130 BTC for $ 10.7 million just a day ago. With this purchase of $ 82,981 per bitcoin, the company’s total BTC presence reached 499.226 BTC. Microstrategy made a major investment by purchasing these assets for an average of $ 66,360.
The company, led by Michael Saylor, continues to be a powerful player in the crypto currency world without compromising the BTC accumulation strategy.
