MicroStrategy has made it clear that the proceeds from this offering, along with the previous $800 million raise, will be used to acquire additional Bitcoin and for general corporate purposes.
Largest independent publicly-traded business intelligence company, with the leading enterprise analytics platform, enabling intelligence everywhere.
MicroStrategy Incorporated is a company that provides business intelligence (BI), mobile software, and cloud-based services.
Founded in 1989 by Michael J. Saylor and Sanju Bansal, the firm develops software to analyze internal and external data in order to make business decisions and to develop mobile apps. It is a public company headquartered in Tysons Corner, Virginia, in the Washington metropolitan area. Its primary business analytics competitors include SAP AG Business Objects, IBM Cognos, and Oracle Corporation’s BI Platform.
MicroStrategy has made it clear that the proceeds from this offering, along with the previous $800 million raise, will be used to acquire additional Bitcoin and for general corporate purposes.
Bitcoin price has rallied to a new all-time high above $73K, with about five weeks to the fourth halving, thus indicating heightened demand from institutional investors.
MicroStrategy said the note offerings which were used to fund the acquisition of the 12,000 BTC were completed on March 8, 2024.