MicroStrategy May Buy Even More Bitcoin

MicroStrategy and Bitcoin. This is a story for itself!

And now, the company will probably buy some more bitcoin.

MicroStrategy has filed for a proposed public sale of class A common stock via an Open Market Sale Agreement.
Thus, the company could sell stocks from time to time – depending on the company’s needs.

In total, MicroStrategy could sell up to $1 billion of its common A stock over time.

The company stated the following in the filing:

“We intend to use the net proceeds from the sale of any class A common stock offered under this prospectus for general corporate purposes, including the acquisition of bitcoin,”

MicroStrategy Filing, 06/15/2021

So, MicroStrategy intends to sell $1 billion of its common A stock over time. Also, to buy more bitcoin! Still, the money will be used for other purposes as well.

So, could we be on the verge of the next bitcoin season? Time will tell!

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