MicroStrategy Halts Preferred-Share Sales That Powered April’s Bitcoin Buying
BeInCrypto
MicroStrategy has paused sales of its preferred-share classes, which were previously used to finance significant Bitcoin purchases in April.Summary
MicroStrategy has temporarily halted sales across all four of its preferred-share classes, effectively pausing the primary financing vehicle used for its major Bitcoin acquisitions in April. While the company raised $82 million through Class A common stock sales last week, no new Bitcoin was purchased. Executive Chairman Michael Saylor indicated that buying activity is expected to resume following the company's first-quarter earnings report.
(Source：BeInCrypto)