Cryptocurrencies
MicroStrategy Files to Sell as Much as $1 Billion in Shares
- Software maker said earlier it closed the sale of junk bonds
- CEO Michael Saylor is among biggest boosters of Bitcoin
Michael Saylor, chief executive officer of MicroStrategy Inc., speaks during the Bitcoin 2021 conference in Miami, on June 4.
Photographer: Eva Marie Uzcategui/BloombergThis article is for subscribers only.
MicroStrategy Inc. filed a “shelf” registration with the U.S. Securities and Exchange Commission to sell as much as $1 billion in common shares for general purposes, including the purchase of more Bitcoin.
The enterprise software maker announced earlier Monday that it had completed the sale of $500 million in senior secured notes that will be used to acquire the digital currency.