According to an SEC filing, MicroStrategy would reinvest $500 million in its stock sales into bitcoin.
Buying the dip is critical for MicroStrategy as the company’s reserve of nearly 129,699 BTC is currently suffering from over $1 billion in lost value. MicroStrategy, the largest institutional buyer of Bitcoin (BTC), has signed an agreement with two brokers — Cowen and Company and BTIG — to sell all of its $500,000,000 in Class A common stock, according to SEC filing United States Securities (SEC) revealed. of $3.977 billion. Despite market uncertainties, the business analysis software company continues to pursue its goal of acquiring additional BTC through the sale of company shares.
The presentation confirms:
We intend to use the net proceeds from the sale of Class a Common Stock offered pursuant to this prospectus for general corporate purposes, including the acquisition of Bitcoin, excepts otherwise disclosed in the prospectus. Buying the dip is crucial for MicroStrategy as the company’s BTC reserve has dwindled to nearly $2.8 billion in value creation, resulting in a loss of over $1 billion, according to data from BitcoinTreasury demonstrate.
Coincidentally, on the day of the filing, data from Cointelegraph Markets Pro and TradingView showed the US Dollar BTC price up 11% to nearly $21,500 asked U. According to an SEC filing, MicroStrategy would reinvest $500 million in its stock sales into bitcoin.
Citizens should report information that helps track the whereabouts of hackers. The FBI has ordered citizens to report more information that may be helpful for them track ransomware attackers, including bitcoin wallet information, ransom notes, and IP addresses. Criminals prefer fiat currencies to conduct illicit activities over bitcoin because the blockchain’s immutability allows authorities to easily prosecute crimes.
