Will MicroStrategy sell stocks for $ 1 billion and buy bitcoin with it?

MicroStrategy announced that it will sell $ 1 billion in shares to use the proceeds for general corporate purposes, including the further purchase of Bitcoin.The company announced that it would use $ 488 million from the proceeds of a private offering to buy Bitcoin. It said it could sell up to $ 1 billion of its shares for the same reason.On Monday, the company filed an S-3 filing for the US Securities and Exchange Commission (SEC). In it, MicroStrategy wrote that it would launch a securities offering that would allow it to sell up to 1 billion of its Class A common shares over time. The proceeds are intended to be used for general corporate purposes, including the acquisition of Bitcoin.The registration says:“Bitcoin pays no interest or other returns and therefore the ability to generate a return on the net proceeds from this offering depends on whether the value of Bitcoin increases with the net proceeds from this offering after our purchases of Bitcoin.”“Future fluctuations in Bitcoin trading prices may result in us converting Bitcoin purchased with the net proceeds from this offering into cash with a value that is significantly less than the net proceeds from this offering.”As can also be seen from the registration, the company holds 92,079 Bitcoin (BTC). The company also announced it would buy an additional $ 488 million in bitcoin. As can also be seen, MicroStrategy bought BTC at an average price of $ 24,450, which means that the value of the investment has increased by almost $ 1.5 billion.If MicroStrategy buys an additional $ 1 billion in Bitcoin, it would add another 25,000 Bitcoin.P.S. You Can Support me For Free Through ALL of these Links and earn some Crypto/Money Yourself! https://allmylinks.com/zealdornDisclaimer: These lines are not a substitute for investment advice, investments in the…