*MICROSTRATEGY FILES TO SELL UP TO $500 MILLION IN SHARES $MSTR
MICROSTRATEGY MAY BUY BITCOIN WITH PROCEEDS FROM SHARE SALE
— StockMKTNewz – Evan (@StockMKTNewz) September 9, 2022
MicroStrategy – Everything You Need to Know
MicroStrategy is a software company that provides business intelligence and analytics software. It was founded in 1989. MicroStrategy is one of the fastest-growing software companies in the world. MicroStrategy offers powerful and intuitive data discovery, analysis, and visualization tools. The platform can handle all types of structured or unstructured data in an enterprise environment.
They provide enterprise-level data management and analytics solutions for organizations to make better decisions faster. The company has about 3,000 customers, including 85% of the Fortune 500 and more than half of the Global 2000.
MicroStrategy’s founder and former CEO Michael Saylor amassed a Bitcoin fortune worth billions of dollars over the course of a few years, and the company’s stock has since come to stand in for Bitcoin itself as a proxy of sorts. MicroStrategy has acquired more Bitcoin in the past using both equity and debt financing.
MicroStrategy Filling:
“We intend to use the net proceeds from the sale of any class A common stock offered under this prospectus for general corporate purposes, including the acquisition of bitcoin, unless otherwise indicated in the applicable prospectus supplement.”
MSTR Pumps 12% amid Slight Recovery in BTC
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This article was written for Business 2 Community by Arslan Butt.
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