Presented by “MicroStrategy” MicroStrategyProbably the largest buyer of bitcoin, the US Securities and Exchange Commission issued a disclosure statement regarding the sale of $500 million worth of shares.
According to Bloomberg, the Class A shares will be sold through Coin & Co (Cowen & Co) and BTIG(BTIG LLC)According to a disclosure statement issued by the software company, no date has been set for selling the shares.
The company confirmed that it intends to keep all future profits, if any, to purchase additional bitcoins and to develop its software business..
MicroStrategy co-founder Michael Saylor relinquished his CEO position in August to ramp up his efforts to acquire Bitcoin.“.
That was on the same day that Tysons Corner” (Tysons Corner)reported a loss of more than one billion dollars due to the decline in the price of cryptocurrency in the second quarter.