To acquire the first cryptocurrency, a company can sell its shares. She also announced the successful placement of bonds in the amount of $ 500 million, which will be invested in bitcoin.
MicroStrategy can sell up to $ 1 billion of its own shares for additional investment in bitcoin.
The company published the corresponding application for the Securities and Exchange Commission (SEC) on its website.
MicroStrategy Launches “At the Market” Securities Offering for Flexibility to Sell Up to $1 billion of its Class A Common Stock Over Time $MSTRhttps://t.co/qouK8pFmBF
— Michael Saylor (@michael_saylor) June 14, 2021
On June 14, MicroStrategy announced that it has completed a $ 500 million bond placement, will also be invested in bitcoin.
MicroStrategy Completes $500 Million Offering of 6.125% Senior Secured Notes Due 2028 with #Bitcoin Use of Proceeds. @MicroStrategy’s existing approximately 92,079 bitcoins are being held by a newly formed subsidiary, MacroStrategy LLC. $MSTRhttps://t.co/avdKhHDLMH
— Michael Saylor (@michael_saylor) June 14, 2021
The first cryptocurrency is trading at $ 40.1 thousand, over the past day it has risen in price by 1.5%.
After the company was announced, its shares rose sharply, At the close of the session on Monday, the price of MicroStrategy securities on the Nasdaq rose 16% to $ 598.
At the moment, MicroStrategy is the largest Bitcoin holder among public companies. According to CEO Michael Saylor, the company owns 92,000 Bitcoin.
In the near future, after the acquisition of cryptocurrency for another $ 500 million, this amount may exceed 100 thousand.