Overview

MicroStrategy has increased its Bitcoin holdings to 471,107 following the purchase of an additional 10,107 BTC last week. The company is also launching a preferred stock offering to further finance its Bitcoin acquisitions. This marks the twelfth consecutive week of Bitcoin purchases by MicroStrategy.

Key Points

• MicroStrategy’s recent purchase raises its total Bitcoin holdings to 471,107 BTC.
• The firm has announced a preferred stock offering worth approximately $250 million.
• Each preferred share (Series A Perpetual Preferred Stock) will initially be convertible into one-tenth of one share of Class A common stock.
• The average purchase price of Bitcoin is now $64,511, following this latest acquisition.

Additional Details

On January 26, MicroStrategy bought 10,107 BTC at an average price of $105,596 per Bitcoin. Saylor teased the announcement with a post saying: > “Don’t stop thinking about tomorrow”.

Overall, this latest stock offering and increased holding indicate MicroStrategy’s ongoing commitment to Bitcoin as a strategic asset in their portfolio.