MicroStrategy seeks to sell $2 billion in stock to purchase more Bitcoin.

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ODAILY
08-04
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Odaily Odaily News MicroStrategy is seeking to sell its Class A shares to raise up to $2 billion to buy more Bitcoin and for general corporate purposes. In regulatory documents filed with the U.S. SEC, MicroStrategy did not disclose a timetable for stock sales or how much proceeds would be used to buy Bitcoin. Earlier in June, MicroStrategy announced the issuance of $500 million in unsecured senior convertible notes to buy more Bitcoin, and a day later raised the offering price to $700 million.

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