MicroStrategy plans to raise $2 billion to buy more Bitcoin

Odaily News MicroStrategy is seeking to sell its Class A shares to raise up to $2 billion to buy more Bitcoin and for general corporate purposes. In regulatory filings filed with the SEC, MicroStrategy did not disclose a timetable for stock sales or how much proceeds would be used to buy Bitcoin. Earlier in June, MicroStrategy announced the issuance of $500 million in unsecured senior convertible notes to buy more Bitcoin, and a day later raised the offering price to $700 million.