MicroStrategy Intends to Sell Up to $500M in Company Shares
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Sept. 12, 2022

Analytics software provider MicroStrategy has just filed with the SEC to sell around $500 million in company shares.

According to the prospectus supplement dated September 9, the proceeds from the sale could be used to buy Bitcoin.

According to the document, MicroStrategy has entered into an agreement with investment bank Cowen and Company and BTIG, which will act as financial intermediaries.

We are talking about the sale of Class A common shares at a price of $0.001 each.

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According to the press release:

"We intend to use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin."

The company stressed the volume of BTC purchases will depend on the "market situation."

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