Key Points:
“MicroStrategy plans to carry back the capital losses resulting from this transaction against previous capital gains, to the extent such carrybacks are available under the federal income tax laws currently in effect,” the company said in the filing.
As previously disclosed, on September 9, 2022, MicroStrategy entered into a Sales Agreement (the “Sales Agreement”) with Cowen and Company, LLC and BTIG, LLC, as sales agents (the “Agents”), pursuant to which MicroStrategy may issue and sell shares of its class A common stock, par value $0.001 per share (“Shares”), having an aggregate offering price of up to $500.0 million from time to time through the Agents. On December 28, 2022 the Company also announced that, during the period between October 1, 2022, and December 27, 2022, MicroStrategy had issued and sold an aggregate of 218,575 Shares under the Sales Agreement, at an average gross price per Share of approximately $213.16, for aggregate net proceeds to MicroStrategy (less sales commissions and expenses) of approximately $46.4 million.
In accordance with the paperwork, MicroStrategy sold the bitcoin on December 22. The business bought 810 bitcoin two days later, bringing its total to 2,395 bought between November 1 and December 24.
Currently, MicroStrategy has 132,500 bitcoin, which it purchased for an average cost of $30,397. In August 2020, the corporation started keeping the asset on its balance sheet.
According to the Dec. 28 filing, the business has sold around $46.4 million worth of shares out of a previously disclosed plan to sell up to $500 million in Class A common stock that it can use to enhance its bitcoin holdings.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
Coincu News
The US DOJ investigates Polymarket for Alleged Illegal US User Bets Polymarket, for allegedly permitting…
Ethereum’s ICO was priced at around $0.30 per token, and today, it’s valued in the…
If you’ve been regretting missing out on Cardano, Qubetics ($TICS) might just be the ticket…
The Shiba Inu price is on track to reach a new ATH of $2, while…
So, you’re on the lookout for the next big thing in crypto? Aren’t we all?…
Miami, Florida, 13th November 2024, Chainwire
This website uses cookies.