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MicroStrategy $1 Billion Bitcoin Buy

MicroStrategy $1 Billion Bitcoin Buy



MicroStrategy, the software intelligence firm that has acquired more than 92,000 BTC under CEO Michael Saylor, is considering offering up to $1 billion of stock to buy more bitcoin, immediately following a successful $500 million bond sale for the same purpose.

According to a prospectus filed with the U.S. Securities and Exchange Commission (SEC), MicroStrategy has entered into an agreement with investment banking company Jefferies Group to potentially offer up to $1 billion in its class A common stock and “use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin.”



bitcoinmagazine.com/

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