Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13105
Markets: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
CoinGape 2025-03-18 12:17:30

Breaking: MicroStrategy To Raise Another $500 Million To Buy More Bitcoin

Breaking: MicroStrategy To Raise Another $500 Million To Buy More Bitcoin

MicroStrategy has made another bold move to bolster its Bitcoin Treasury and move past the 500,ooo BTC mark. The firm, now known as Strategy, has filed with the US Securities and Exchange Commission (SEC) to offer more shares worth $500 million, with the proceeds going to more Bitcoin acquisitions. MicroStrategy To Raise $500 Million To Buy More Bitcoin In an SEC filing, Microstrategy revealed plans to raise $500 million to buy more Bitcoin. The company, now known as Strategy, plans to offer 5 million shares of its 10.00% Series A Perpetual Strife Preferred Stock. The perpetual strife preferred stock has a stated amount of $100 per share, which amounts to $500 million. The company mentioned that it intends to use the net proceeds from this stock offering for general corporate purposes, including the acquisition and working capital. Strategy included in the prospectus that future fluctuations in the Bitcoin price may result in it converting bitcoin purchased with the net proceeds from this offering into cash with a value substantially below the net proceeds from this offering. As such, the firm remarked that there can be no assurance as to whether or when it will realize any cash proceeds from the contemplated Bitcoin acquisition. MicroStrategy’s filing comes just a day after it announced that it had acquired 130 BTC for $10.7 million at an average price of $82,981 per bitcoin. Following that purchase, Michael Saylor’s company now holds 499,226 BTC, which it acquired at an average price of $66,360 per BTC. The post Breaking: MicroStrategy To Raise Another $500 Million To Buy More Bitcoin appeared first on CoinGape .

Most Read News

Market Cap
24h Vol
60.37%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.