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MicroStrategy to reinvest $500M stock sales into Bitcoin: SEC filing By Cointelegraph

MicroStrategy to reinvest $500M stock sales into Bitcoin: SEC filing

MicroStrategy, the largest institutional (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 United States 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:

Snippet from MicroStrategy’s SEC filing. Source: SEC.gov

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