您现在的位置是:MicroStrategy could buy more Bitcoin by selling $500 million in shares >>正文
MicroStrategy could buy more Bitcoin by selling $500 million in shares
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛27536人已围观
简介In its most recent SEC filing, business intelligence software company MicroStrategy has revealed its...
In its most recent SEC filing, business intelligence software company MicroStrategy has revealed its intention to buy more Bitcoin, Bloomberg reported yesterday. With over 129,000 BTC in its possession, MicroStrategy is already the largest corporate shareholder of Bitcoin.
The prospectus, filed on Friday, stated that MicroStrategy has entered into an agreement to sell $500 million in shares of Class A common stock to investment bank Cowen & Co.
Despite the uncertainties and fluctuations in the Bitcoin market, the firm intends to continue to pursue its goal of acquiring more BTC:
“We intend to use the net proceeds from the sale of any class A common stock offered under this prospectus for general corporate purposes, including the acquisition of bitcoin, unless otherwise indicated in the applicable prospectus supplement.”
While no specific date was provided for the sale, the firm also added that it aims to retain future earnings for either the purchase of additional Bitcoin or the development of the software business.
As recently shown by Bitcoin Treasuries data, MicroStrategy’s BTC reserve has dipped to nearly $2.8 billion. This could be a motivator for the firm’s intentions to buy the dip.
Bitcoin traded below $20,000 last week, a steep decrease from its all-time high of $68,789 in November 2021. Further wild fluctuations in the price of Bitcoin could impact its decision on future holdings, the firm explained:
“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”
The company further stated that it may sell Bitcoin to generate cash for “treasury management and other general corporate purposes.” However, it has no plans to trade derivative contracts with its holding. The firm will continue to monitor market conditions to determine its further steps.
In August, MicroStrategy co-founder Michael Saylor stepped down from his position as CEO to focus on his advocacy efforts on Bitcoin holding.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/8849.html
相关文章
Vineyard Wind 1 project powers New England grid in a first
MicroStrategy could buy more Bitcoin by selling $500 million in sharesBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Avangrid...
阅读更多
'Robot lawyer' creator says a lot of attorneys 'should be replaced' by AI
MicroStrategy could buy more Bitcoin by selling $500 million in sharesBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Next mont...
阅读更多
Zaha Hadid Architects: World's first hydrogen boating docks
MicroStrategy could buy more Bitcoin by selling $500 million in sharesBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Zaha Hadi...
阅读更多
热门文章
- Harnessing carbon conversion for a sustainable tomorrow
- Pegasus super yacht: World’s first 3D
- ULA's Vulcan set to lift
- Virgin Orbit will launch the first British orbital space launch in history today
- NASA ignites 2024 with first hot fire test for Artemis moon rocket engine
- Google Bard AI: Google announces its ChatGPT rival
最新文章
Japan's ispace aims for moon landing in 2024 with upgraded lander
Watch: Lady Gaga’s '911' Music Video Is a Surreal Death Dream
Binance set to delist major currency margin trading pairs
Inveo's new cave protects bats from extreme temperatures
Astronomers built a neutrino telescope 3km under the sea — here's why
ChatGPT is coming soon to Microsoft's Azure OpenAI services