Microstrategy plans to raise $750 million through the sale of common stock.

On November 30th, BlockBeats reported that Microstrategy, Inc. (NASDAQ: MSTR) announced its plan to raise up to $750 million by selling Class A common stock, according to a sales agreement signed with Cowen and Company, LLC, Canaccord Genuity LLC, and BTIG, LLC (collectively, the "Agents") on November 30th, 2023. The face value of these Class A common stocks is $0.001 per share, and they will be traded on the Nasdaq Global Select Market under the symbol "MSTR." As of November 28th, 2023, the last trading price of Microstrategy's Class A common stock on the Nasdaq Global Select Market was $505.87 per share. According to the prospectus supplement, the sale of these common stocks may be made at market prices and in any manner permitted by law, and will be deemed to be "on the market" (pursuant to Rule 415(a)(4) under the Securities Act of 1933, as amended).