MicroStrategy is seeking to sell its Class A shares to raise 2 billion dollars for purchasing more Bitcoin
MicroStrategy is seeking to sell its Class A shares to raise up to $2 billion in funds for purchasing more Bitcoin and for general corporate purposes. In the regulatory documents submitted to the U.S. SEC, MicroStrategy did not disclose a timetable for stock sales, nor did it reveal how much of the proceeds would be used to purchase Bitcoin. Earlier this June, MicroStrategy announced that it would issue $500 million in unsecured senior convertible notes to buy more Bitcoin, and then raised the issuance price to $700 million a day later.
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