MicroStrategy could raise up to $500 million to buy bitcoin

From theblock.co

MicroStrategy could sell up to $500 million in class A common stock and could buy more bitcoin. A new prospectus filed with the Securities and Exchange Commission (SEC) says the firm has entered into an agreement with agents Cowen and Company and BTIG to sell up to $500 million in stock with a possible eye towards acquiring more bitcoin. "We intend to use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin, unless otherwise indicated in the applicable prospectus supplement," the filing said. "We have not determined the amount of net proceeds to be used ... (full story)