According to BlockBeats, on August 4, MicroStrategy announced its intention to sell its Class A shares to raise up to $2 billion. The funds will be used to purchase more Bitcoin and for general corporate purposes.In a regulatory filing submitted to the U.S. Securities and Exchange Commission (SEC), MicroStrategy did not disclose the timeline for the stock sale or specify how much of the proceeds would be allocated to Bitcoin purchases.Earlier in June this year, MicroStrategy revealed plans to issue $500 million in unsecured senior convertible notes to buy more Bitcoin. The following day, the company increased the offering size to $700 million.