MicroStrategy To Purchase More Bitcoin From Proceeds Of A $500 | CryptoExplorer ✪

MicroStrategy To Purchase More Bitcoin From Proceeds Of A $500 Million Stock Sale
MicroStrategy, the largest publicly listed Bitcoin holding company in the world, plans to double down on its BTC purchases using proceeds from a $500 million sale of its stock. According to a Friday filing with the U.S. Securities and Exchange Commission, MicroStrategy contracted two global investment firms, BTIG and Cowen, as agents to help it sell its company shares for an aggregate price of up to $500 million. The filing further stated that in addition to the proceeds being used for “general corporate purposes,” MicroStrategy would allocate part of the money to purchasing more Bitcoin. Read more