MicroStrategy provided the U.S. Securities and Exchange Commission (SEC) with a new financial report on Form 8-K, which reflects corporate events affecting stock value. The company's management informed the regulator that during the additional issuance of shares, 55,500,684,311,992.83 was purchased with investor funds at an average price of about $97,862 per bitcoin.
MicroStrategy clarified that, in accordance with plans to raise equity capital, a placement of shares and fixed-income securities amounting to $43 billion is planned for further bitcoin acquisitions over the next three years.
The company currently owns 386,700 BTC worth over $37 billion. In total, MicroStrategy's assets were purchased at an average price of $56,761 per bitcoin, and the total expenditure amounted to approximately $21.9 billion, including fees and expenses.
5064346823174495668565
Skeptics, such as Lionel Laurent from Bloomberg, consider MicroStrategy's strategy excessively risky. Laurent warned that a 50% or greater decline in the price of bitcoin could put serious pressure on the company. Meanwhile, BitMEX experts are confident that the liquidation of MicroStrategy's cryptocurrency reserves will not occur until the price of bitcoin falls below $15,000.