MicroStrategy, the largest institutional Bitcoin (BTC) buyer, entered an agreement with two agents — Cowen and Company and BTIG — to sell its aggregated class A common stock worth $500,000,000, reveals Securities and Exchange Commission (SEC) filing.
MicroStrategy, co-founded by Bitcoin Bull Michael Saylor, amassed approximately 129,699 BTC over several years at an aggregate purchase price of $3.977 billion. Despite market uncertainties, the business analytics software firm continues to pursue its goal of acquiring more BTC by selling company stocks. The ze fichéieren confirméiert:
"Mir wëllen d'Nettoakommes vum Verkaf vun all Klass A gemeinsame Aktien, déi ënner dësem Prospekt ugebuede ginn, fir allgemeng Firmenzwecker benotzen, abegraff d'Acquisitioun vu Bitcoin, wann net anescht an der uwendbarer Prospektzousaz uginn."
Buying the dip is essential for MicroStrategy as the company’s BTC reserve has dipped to an aggregated value of nearly $2.8 billion — resulting in a loss of over $1 billion, as shown by Bitcoin Treasuries Donnéeën.
Coincidently, on the day of the filing, data from Cointelegraph Mäert Pro and TradingView showed BTC/USD price shooting up 11% to nearly $21,500.
Verbonnen: Bitcoin kéint en Null-Emissiounsnetz ginn: Bericht
The FBI, along with two other federal agencies, CISA and MS-ISAC, asked U.S. citizens to report information that helps track the whereabouts of the hackers.
The citizens have been asked by the FBI to report on various information that would help them track down ransomware attackers, which include Bitcoin wallet information, ransom notes and IP addresses.
Bad actors prefer fiat currency to conduct illicit activities over Bitcoin because the blockchain’s immutable nature allows authorities to track down crimes easily.
Source: https://cointelegraph.com/news/microstrategy-to-reinvest-500m-stock-sales-into-bitcoin-sec-filing