WilmerHale Advises Strategy in $21 Billion At-the-Market Equity Offering

WilmerHale Advises Strategy in $21 Billion At-the-Market Equity Offering

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WilmerHale represented MicroStrategy Incorporated d/b/a Strategy, the world’s first and largest Bitcoin treasury company, in connection with the company’s new at-the-market equity offering program, pursuant to which Strategy may issue and sell shares of its class A common stock from time to time having an aggregate offering price of up to $21 billion. Sales under the program will be administered by sales agents under a sales agreement dated May 1, 2025.

The WilmerHale team consisted of Tom Ward, Jeffries Oliver-Li, Hilary Baker-Jennings, Nick Andreacchi, Connor McRory and Heidi Treiber.

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