Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Welcome
Go
Free Newsletter Sign Up

MicroStrategy Files to Sell as Much as $1 Billion in Shares

June 14, 2021, 9:36 PM

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.

MicroStrategy Chief Executive Officer Michael Saylor has been one of the most vocal corporate advocates of Bitcoin, including making it part of the company’s strategy.

Shares of MicroStrategy fell about 1% in after-hours trading. The stock has surged about ...