MicroStrategy $1 billion at-the-market offering
Davis Polk advised the sales agent in connection with an SEC-registered at-the-market offering by MicroStrategy Incorporated of its shares of Class A common stock for up to an aggregate amount of $1 billion. The Class A common stock is listed on the Nasdaq Global Select Market under the symbol “MSTR.”
MicroStrategy is a global leader in enterprise analytics software and services. The company intends to use the net proceeds from the sale of Class A common stock for general corporate purposes, including the acquisition of bitcoin.
The Davis Polk corporate team included partner Joseph A. Hall and associate Ernesto Talamás Velázquez. All members of the Davis Polk team are based in the New York office.