American City Business Journals
MicroStrategy adds another 9,000 bitcoins — and says it’s not slowing down on its crypto-buying spree
MicroStrategy Inc. (NASDAQ: MSTR) said it added nearly 9,000 bitcoins in the third quarter and is considering raising additional funding to keep accelerating its cryptocurrency investment strategy. The Tysons business software company said it counted 114,042 bitcoins in its holdings as of the end of September. It had raised nearly $400 million through Sept. 30 via share offerings and says it has another $596 million in shares available for sale via an open market sale agreement it has with New York investment bank Jefferies LLC. “We will continue to evaluate opportunities to raise additional capital to execute on our bitcoin strategy,” CEO Michael Saylor, who has gained notoriety (not to mention net worth) with his evangelism for Bitcoin, said in a statement.
