MicroStrategy Returns To Buy More Bitcoin, Will This Impact BTC Price?

Bitcoin's largest corporate buyer, MicroStrategy, has filed with the US Securities and Exchange Commission to sell up to $500 million worth of stock. Funds earned can be used to purchase more Bitcoins.

According to a filing by the enterprise software giant on Friday, the company said it will reserve all potential future earnings to buy more bitcoins and expand its software business.

However, no specific date has been given for any possible stock sale. Raising funds through stock and bond offerings, MicroStrategy has purchased 130,000 bitcoins worth more than $2 billion since 2020.