{"id":44318,"date":"2021-06-15T09:43:12","date_gmt":"2021-06-15T06:43:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44318"},"modified":"2025-08-31T16:26:58","modified_gmt":"2025-08-31T13:26:58","slug":"microstrategy-to-raise-up-to-1-billion-via-stock-offering-to-fund-bitcoin-purchases","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/microstrategy-to-raise-up-to-1-billion-via-stock-offering-to-fund-bitcoin-purchases\/","title":{"rendered":"MicroStrategy to raise up to $1 billion via stock offering to fund Bitcoin purchases"},"content":{"rendered":"<p>The software analytics provider MicroStrategy <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1050446\/000119312521190150\/d159028ds3asr.htm#tocb159028_8\">will conduct<\/a> an at-the-market offering of up to $1 billion of its Class A common stock. The proceeds will be used, among other things, to purchase Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy Launches \u201cAt the Market\u201d Securities Offering for Flexibility to Sell Up to $1 billion of its Class A Common Stock Over Time <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MSTR<\/a><a href=\"https:\/\/t.co\/qouK8pFmBF\">https:\/\/t.co\/qouK8pFmBF<\/a><\/p>\n<p>\u2014 Michael Saylor (@michael_saylor) <a href=\"https:\/\/twitter.com\/michael_saylor\/status\/1404544556989833218?ref_src=twsrc%5Etfw\">June 14, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The offering was preceded by <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-raises-500-million-to-buy-bitcoin\">a successful placement<\/a> of $500 million of senior convertible bonds. <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-demand-for-microstrategy-bonds-hits-1-6-billion\">High demand<\/a> from investors allowed increasing the size of the issue <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-to-raise-an-additional-400-million-to-buy-bitcoin\">from the initial $400 million<\/a> to $500 million and lowered the coupon range from 6.25-6.5% to 6.125% per annum.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The funds raised will go toward general corporate purposes, including the acquisition of the first cryptocurrency [\u2026] Management reserves the right with respect to the allocation of the proceeds,&#8221;<\/em> according to the prospectus.<\/p>\n<\/blockquote>\n<p>According to <a href=\"https:\/\/www.buybitcoinworldwide.com\/treasuries\/\">Buybitcoinworldwide<\/a>, as of writing the firm owns 92,079 BTC valued at $3.73 billion.<\/p>\n<p>In February 2021, to raise funds for the purchase of digital gold, MicroStrategy issued <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-raises-650-million-for-bitcoin-purchase\">unsecured convertible senior notes totaling $1.05 billion<\/a>.<\/p>\n<p>In December 2020, the company sold investors <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-raises-more-than-1-billion-in-debt-financing-to-buy-bitcoin\">similar notes totaling $650 million<\/a>.<\/p>\n<p>After the announcement of plans to issue convertible bonds, Citi analysts <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-shares-slump-after-citi-downgrade\">downgraded their ratings<\/a> on MicroStrategy Inc.&#8217;s shares; their price subsequently fell sharply.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The software analytics provider MicroStrategy will conduct an additional issuance of common stock totaling up to $1 billion. The funds will be used, among other things, to purchase Bitcoin.<\/p>\n","protected":false},"author":1,"featured_media":44319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1207,1211],"class_list":["post-44318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-microstrategy","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44318"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44318\/revisions"}],"predecessor-version":[{"id":44320,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44318\/revisions\/44320"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/44319"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}