Breaking: MicroStrategy To Raise Another $500 Million To Buy More Bitcoin

Mar 18 2025 bitcoin


MicroStrategy has made another bold move to bolster its Bitcoin Treasury and move past the 500,ooo BTC mark. The firm, now known as Strategy, has filed with the US Securities and Exchange Commission (SEC) to offer more shares worth $500 million, with the proceeds going to more Bitcoin acquisitions. MicroStrategy To Raise $500 Million To Buy More Bitcoin In an SEC filing, Microstrategy revealed plans to raise $500 million to buy more Bitcoin. The company, now known as Strategy, plans to offer 5 million shares of its 10.00% Series A Perpetual Strife Preferred Stock. The perpetual strife preferred stock has a stated amount of $100 per share, which amounts to $500 million. The company mentioned that it intends to use the net proceeds from this stock offering for general corporate purposes, including the acquisition and working capital. Strategy included in the prospectus that future fluctuations in the Bitcoin price may result in it converting bitcoin purchased with the net proceeds from this offering into cash with a value substantially below the net proceeds from this offering. Two weeks ago, the software company also announced plans to raise $21 billion to buy more Bitcoin. The firm will sell shares of its 8.00% Series A perpetual strike preferred stock at $0.001 par value per share, which sums up to $21 billion. Meanwhile, MicroStrategy’s recent filing comes just a day after it announced that it had acquired 130 BTC for $10.7 million at an average price of $82,981 per bitcoin. Following that purchase, Michael Saylor’s company now holds 499,226 BTC, which it acquired at an average price of $66,360 per BTC. The post Breaking: MicroStrategy To Raise Another $500 Million To Buy More Bitcoin appeared first on CoinGape .

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