MicroStrategy to reinvest $500M stock sales into Bitcoin: SEC filing
Cointelegraph
Published Sep 10, 2022 04:00AM ET
Updated Sep 10, 2022 05:40AM ET
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:
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Written By: Cointelegraph
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