MicroStrategy reports raising $46.6 million since September 2022

MicroStrategy has raised $46.6 million from the sale of its securities since September 2022. This is disclosed in a report to the SEC.

In the autumn, the analytics software provider filed an offering of shares for up to $500 million and signed agreements with investment bank Cowen and Company and BTIG, which agreed to act as financial intermediaries.

According to filings, to date the company has sold 218,575 Class A common shares. The net proceeds are to be directed toward purchasing bitcoins and for corporate purposes, including debt repayment.

“We have not determined the portion of proceeds to allocate to any particular purpose,” the report states.

According to Bitcoin Treasuries, the analytics software provider holds 132,500 BTC. The latest purchase 2501 BTC for $44.6 million was recorded in December 2022.

Earlier, MicroStrategy founder Michael Saylor reaffirmed the course toward further purchases of digital gold, despite the ongoing decline in the cryptocurrency market.

Earlier, in January 2023, Chicago-based market maker Group One became the owner of 1,261,744 shares of the software provider, representing a 13.49% stake.

In February, MicroStrategy said that net loss in the fourth quarter of 2022 was $249.7 million.