MicroStrategy can spend another $ 1 billion for the purchase of bitcoins

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Microstrategy announced plans to sell shares worth up to $ 1 billion with the possibility of investing revengeted funds to Bitcoin.

This is written in the application of the Securities and Exchange Commission. According to the directional regulator form S-3, the company plans to hold a round of sales of ordinary shares of class A in order to obtain funds for general corporate needs.

The MicroStrategy application does not determine any specific use of net income from securities emissions, indicating that management reserves a wide range of possible areas of its distribution, including the purchase of bitcoins.

Last week, the company’s co-founder Michael Sailor also said that firm

At the moment, more than 92 thousand bitcoins are already located on the company’s balance sheet, the value of which at the current rate is $ 3.7 billion.

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