MicroStrategy is looking to sell its Class A shares to raise up to $2 billion to buy more bitcoin and for general corporate purposes.
In a regulatory filing with the SEC, MicroStrategy did not disclose a timeline for the share sale, nor did it disclose how much of the proceeds would be used to purchase bitcoin.
Previously, in June this year, MicroStrategy announced the issuance of $500 million unsecured senior convertible notes to buy more bitcoin, and a day later raised the issue price to $700 million.
MicroStrategy is looking to sell its Class A shares to raise $2 billion to buy more bitcoin
2024-08-04 08:15:43
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