Categories
Uncategorized

Microstrategy Selling up to $1 Billion of MSTR Stock to Buy Bitcoin

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

Microstrategy Inc. is selling up to $1 billion of its common stock, MSTR, with the aim to use some of the net proceeds to buy bitcoin. The Nasdaq-listed company also recently completed a $500 million secured notes offering and will use the proceeds to acquire bitcoins. Selling MSTR Stock to Buy Bitcoin Microstrategy Inc. has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to launch an “‘at the market’ securities offering for flexibility to sell up to $1 billion of its class A common stock over…

The post Microstrategy Selling up to $1 Billion of MSTR Stock to Buy Bitcoin appeared first on Technology Manias.

Leave a Reply

Your email address will not be published. Required fields are marked *