Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
In a document submitted to the SEC, MicroStrategy disclosed that it plans to raise USD $500 million in share sales to continue buying back Bitcoin, move that reinforces its plans to add more reserves in the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency.
- MicroStrategy contemplates buying more BTC
- To do so, it will sell shares and raise USD $500 million.
- The company will remain steadfast in its plan to add more BTC to your reservations
The business software developer and asset manager, MicroStrategy, apparently plans to raise more capital capital is most commonly defined as the large sum of money you would use to invest. through the sale of shares to continue buying and adding Bitcoin to its reserves.
MicroStrategy will continue to buy more Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions.
The information was reflected in a presentation introduced today before the U.S. Securities and Exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Commission (SEC) in which he revealed that he plans to sell about $500 million in shares, which will be used for “general corporate purposes, including the acquisition of Bitcoin”.
For some analysts, the fact constitutes a firm statement of intent by the company on the investment strategy focused on Bitcoin, since until a few months ago it was thought that this responded mainly to the interests and perspectives of Michael Saylor, former CEO of Bitcoin. MicroStrategy.
Saylor stepped down as CEO of the company to become executive chairman. In this position, he said, he would be able to concentrate more on the purchase of BTC for MicroStrategy, reiterating that he trusts in this plan to make the entity one of the most representative of the sector thinking in the long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. term.
An ambitious strategy
It is worth noting that since last 2020, MicroStrategy has been raising capital through a variety of means to invest investing is when you put money in a financial scheme with the intent of making a gain. in Bitcoin, collecting to date more than 130,000 BTC in its reserves, currently valued at over USD $2 billion at the current price per unit.
While this is an ambitious strategy, it has also represented risks for the company given the volatility a statistical measure of dispersion of returns, measured by using the standard deviation or variance between returns from that same security or market index. and fall in the price of digital currency. The calculations presented so far this year reflect that MicroStrategy recorded a $1.2 billion loss on its BTC holdings, which has also impacted the value of its shares.
Following the increase recorded by Bitcoin this September 9, the actions of MicroStrategy increased by 12 per cent, but because of the publication of its latest report to the SEC, The latter fell by 1.5% on the possibility that its value will be diluted by the contemplated sales.
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Article by Angel Di Matteo / DiarioBitcoin
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