Key Highlights:

• MicroStrategy has increased its bitcoin holdings for the ninth consecutive week.
• The latest purchase was made through share sales using the company's at-the-market (ATM) program.
• They plan to raise up to $2 billion through a preferred stock offering.

MicroStrategy (MSTR) has now accumulated more bitcoin than any other publicly traded entity. In the week ending January 5, the firm bought an additional 1,020 BTC for $101 million, bringing the total to 447,470 BTC.

As noted, Michael Saylor teased this announcement in a post on X. The average purchase price of the recent bitcoin acquisition was $94,004, increasing the overall average price to $62,503.

The company also mentioned plans to raise up to $2 billion via a preferred stock offering. This offering is part of a larger financial strategy involving a total target of $21 billion in equity and fixed income.

The preferred stock will be prioritized over Class A common stock and includes features like convertible options and cash dividends. The precise terms for the new offering have not yet been determined, but it is expected to take place in the first quarter of 2025.