MicroStrategy is looking to sell its Class A shares to raise $2 billion to buy more Bitcoin
MicroStrategy is seeking to sell its Class A shares to raise up to $2 billion to purchase more Bitcoin and for general corporate purposes.
In regulatory filings filed with the U.S. SEC, MicroStrategy did not disclose a timetable for stock sales or how much proceeds would be used to purchase Bitcoin.
Earlier in June this year, MicroStrategy announced the issuance of $500 million unsecured senior convertible notes to purchase more Bitcoin, and one day later raised the issue price to $700 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Perplexity AI to Testify in Landmark Google Antitrust Case
Perplexity AI, a rising competitor in the search industry, is set to play a key role as a witness in the ongoing United States Department of Justice (DOJ) antitrust trial against Google.
Manychat Secures $140 Million to Advance AI-Powered Business Messaging
Manychat, a leading business messaging platform, has raised $140 million in a new funding round to accelerate its artificial intelligence (AI) capabilities and expand its global business communications market reach.
El Salvador Launches National AI Lab in Partnership with NVIDIA to Drive Technological Sovereignty
El Salvador is making significant advancements in artificial intelligence (AI) by launching its first national AI Lab in partnership with NVIDIA. Recently announced by the Bitcoin Office, this initiative aims to develop sovereign AI capabilities to enhance key sectors like healthcare, education, and the economy.
BlackRock Invests $84 Million in Bitcoin
Trending news
MoreCrypto prices
More
