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Benzinga
Benzinga
Business
Shanthi Rexaline

Unfazed By $917M Write-Off In Q2, MicroStrategy Plans To Add More Bitcoin Using Proceeds From Proposed $500M Stock Offering

MicroStrategy Bitcoin SEC Nasdaq Michael Saylor

MicroStrategy, Inc. (NASDAQ:MSTR) late Friday filed a Form 8-K with the SEC regarding an agreement with Cowen & Co. for the sale of up to $500 million worth of its Class A stock.

What Happened: The company also filed a prospectus supplement with the SEC in connection with the offering under its existing automatic shelf-registration statement, which became effective on June 14.

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