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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

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