The American company MicroStrategy has applied to the US Securities and Exchange Commission (SEC) with a request to approve the sale of shares for $500 million to increase bitcoin reserves.
The document said that MicroStrategy has already entered into preliminary agreements with agents Cowen and Company and BTIG for the sale of the specified number of shares.
“We plan to use the proceeds from the sale of shares for the general purposes of the corporation, including the purchase of bitcoins. We do not determine the amount of funds that will be directed to each goal. Also, we do not set a specific goal for the volume of stored bitcoins and will continue to monitor the market situation for possible purchases of cryptocurrency,” the company said in a statement.
Currently, 129,700 BTC are stored in MicroStrategy wallets, and bitcoins were purchased at an average price of $30,660. After the market crash, the company’s unrecorded loss amounted to more than $900 million, which is likely the reason for the departure of the company’s CEO Michael Saylor (Michael Saylor) from your post. His place was taken by Phong Le, who announced his intention to store the first cryptocurrency for a long time.
Source: Bits
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