Analysis: Microstrategy plans to raise funds to buy bitcoin through stock issuance and sales with $15.30 billion unused
2024-11-18 14:06:24
On November 18th, crypto KOL Remo Uherek analyzed on the X platform that MicroStrategy disclosed today that the purchase funds for the increase of 51,780 bitcoins came from the proceeds of stock issuance and sales (ATM plan). As of now, they have used about $5.70 billion in the ATM plan, accounting for about 27% of the total amount of their $21 billion ATM plan, and the remaining funds are $15.30 billion; if they continue to buy at this rate, then their ATM plan will be completed before the end of the year. They now hold a total of 331,200 bitcoins, accounting for 1.58% of the total supply of bitcoin.
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