Michael Saylor, the CEO of MicroStrategy, was among the first to commemorate the 16th anniversary of Bitcoin Whitepaper Day.
On X, Michael Saylor expressed his gratitude to Satoshi Nakamoto, the founder of Bitcoin. He shared a print screen photo of the MicroStrategy sales agreement, which indicates his intention to sell up to $21 billion in Class A common stock. The consortium of sales agents, including TD Securities (USA) LLC and Barclays Capital Inc., among others, will enable MicroStrategy to offer and sell shares on an “at the market” basis, as per the agreement formalized on October 30.

The “at the market” arrangement allows MicroStrategy to sell shares as required at the current market price. Sales agents will operate under the principle of commercially reasonable effort. The company can regulate the quantity and schedule of shares sold. It is not obligated to sell securities and may elect to deal with only one agent on any given day.