Friday, September 12, 2025

Latest

MicroStrategy Secures Leniency Agreement from Brazil’s Competition Regulator

Brazil’s General Superintendence of the Administrative Council for Economic Defense (CADE) has found evidence that implicates MicroStrategy (NASDAQ: MSTR) Brasil in potential anticompetitive conduct in certain transactions with the Brazilian government.

MicroStrategy announced on Tuesday that Brazil’s national competition regulator has granted it a leniency agreement, saying in an SEC filing that it voluntarily disclosed information coming from an internal review initiated in 2018 to the regulator.

In Brazil, the company must be the first to reach out to authorities and collaborate with the investigation to be granted a leniency agreement.

According to the filing, the company “uncovered potential anticompetitive conduct relating to the sale of business intelligence software licenses and the provision of maintenance and consulting services to certain Brazilian government entities that occurred between approximately 2014 and 2018.” 

As part of its remediation measures, MicroStrategy Brasil has terminated the employees presumably involved with the transactions, it has also started restructuring its operations in the country “to provide more robust governance over local business activities.” The firm also noted that the administrative proceeding is not expected to impact its operations, and it should be business as usual in Brazil.

Under the leniency agreement, MicroStrategy Brazil will receive full immunity from fines if CADE’s tribunal confirms that all obligations under the agreement have been fulfilled.


Information for this briefing was found via Edgar. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

MicroStrategy Records A Whopping US$1.06 Billion Net Loss In Q2 2022 Due To ‘Crypto Winter’

MicroStrategy (Nasdaq: MSTR) just felt the brunt of the crashing bitcoin prices on the firm’s...

Wednesday, August 3, 2022, 09:46:30 AM

MicroStrategy Spends $94.2 Million Buying Further Bitcoin, Concludes Open Market Sale Agreement

If one positive thing can be said about MicroStrategy Inc (NASDAQ: MSTR), it’s that they...

Thursday, December 30, 2021, 08:34:42 AM

MicroStrategy Records US$134.5 Million In Revenue, US$90.0 Million Net Loss In Q4 2021

It seems MicroStrategy’s (Nasdaq: MSTR) multiple bitcoin purchases are taking a toll on its bottomline....

Wednesday, February 2, 2022, 10:09:00 AM

MicroStrategy Announces New $2 Billion At The Market Financing Amid Massive Q2 Loss

MicroStrategy Inc. (NASDAQ: MSTR), known for its significant investments in Bitcoin, reported notable developments in...

Friday, August 2, 2024, 07:45:33 AM

MicroStrategy Attempts To Buy The Bitcoin Dip With $10.0 Million Purchase

It appears that MicroStrategy Inc (NASDAQ: MSTR) is a bit hesitant to buy the dip...

Wednesday, June 29, 2022, 09:29:03 AM