MicroStrategy Acquired 467 BTC in July, Prepares to Raise Up To $750M More
MicroStrategy now holds 152,800 BTC, and the company's recent financial filings hint at more upcoming bitcoin purchases.
- "In July, @MicroStrategy acquired an additional 467 BTC for $14.4 million and now holds 152,800 BTC," the company's chairman Michael Saylor announced.
"We efficiently raised capital through our at-the-market equity program and used cash from operations to continue to increase bitcoins on our balance sheet. And we did so against the promising backdrop of increasing institutional interest, progress on accounting transparency, and ongoing regulatory clarity for bitcoin,” said Andrew Kang, Chief Financial Officer, MicroStrategy.
- MicroStrategy is nowhere near the end of its Bitcoin shopping spree. On Tuesday, the company filed a Sales Agreement with the Securities and Exchange Commission (SEC) for offering and selling more of its class A common stock worth up to $750,000,000.
"We may use the net proceeds from this offering to purchase additional bitcoin, the price of which has been, and will likely continue to be, highly volatile," was stated in the filing.
