MicroStrategy Incorporated (NASDAQ: MSTR), one of the most prominent corporate Bitcoin holders globally, has announced plans to sell up to $750 million of its Class A common stock. The company signaled that the proceeds could potentially fund further BTC purchases.
The business intelligence firm filed with the U.S. Securities and Exchange Commission (SEC) on August 1, 2023, laying out its intent to sell shares of its Class A common stock, offering a prospectus supplement of up to $750 million. This move, in partnership with Cowen and Company, Canaccord Genuity, and Berenberg Capital, might signal another bold stride into the Bitcoin realm.
A Firm Bitcoin Strategy?
The software development firm has consistently articulated its commitment to Bitcoin, positioning itself as one of the cryptocurrency’s staunchest institutional supporters. In its SEC filing, MicroStrategy stated that it might use the proceeds of this proposed sale for…
