By coinfeedsJune 15, 2021
MicroStrategy, the software intelligence firm that has acquired more than 92,000 BTC under CEO Michael Saylor, is considering offering up to $1 billion of stock to buy more bitcoin, immediately following a successful $500 million bond sale for the same purpose.
According to a prospectus filed with the U.S. Securities and Exchange Commission (SEC), MicroStrategy has entered into an agreement with investment banking company Jefferies Group to potentially offer up to $1 billion in its class A common stock and “use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin.”
While this prospectus did not indicate any firm bitcoin acquisition plans or promise that MicroStrategy would flip as much as $1 billion into BTC, it is remarkable that it laid this groundwork on the same day that the firm announced its sale of $500 million of senior secured notes due 2028 to "acquire additional bitcoin"
source : https://bitcoinmagazine.com/business/microstrategy-1-billion-bitcoin-buy
Posted on June 15, 2021By coinfeeds
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