Express

MicroStrategy Raised $46.6 Via Share Sales Since September

Tris Bell

Summary: Business intelligence company MicroStrategy said it raised $46.6 million via share sales since the company made an agreement with underwriter Cowen and Company in September to sell up to $500 million worth of shares. Though the company has traditionally used its profits towards increasing its bitcoin holdings, the company says it plans to use the ...

Business intelligence company MicroStrategy said it raised $46.6 million via share sales since the company made an agreement with underwriter Cowen and Company in September to sell up to $500 million worth of shares.

Though the company has traditionally used its profits towards increasing its bitcoin holdings, the company says it plans to use the proceeds towards the repayment of debt.

Author: Tris Bell

Last Update:

Tags: ,,,,,
Link: MicroStrategy Raised $46.6 Via Share Sales Since September   [Copy]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 8 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 15 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 19 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 22 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 26 days ago

    • You need to login to comment.