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MicroStrategy to reinvest $500M stock sales into Bitcoin: SEC filing

09/10/2022

Less than a minute

2022.09.10 19:55

MicroStrategy to reinvest $500M stock sales into Bitcoin: SEC filing

MicroStrategy, the largest institutional Bitcoin (BTC) buyer, entered an agreement with two agents — Cowen and Company and BTIG — to sell its aggregated class A common stock worth $500,000,000, reveals Securities and Exchange Commission (SEC) filing.

MicroStrategy, co-founded by Bitcoin bull Michael Saylor, amassed approximately 129,699 BTC over several years at an aggregate purchase price of $3.977 billion. Despite market uncertainties, the business analytics software firm continues to pursue its goal of acquiring more BTC by selling company stocks. The filing confirmed:

09/10/2022

Less than a minute

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