The latest bitcoin purchase was funded through share sales under the company's at-the-market (ATM) program. MicroStrategy announced it would be raising up to $2 billion via a preferred stock offering to acquire more bitcoin.

The move is part of the company’s plan to issue $21 billion of equity and $21 billion in fixed-income instruments over the next three years.

MicroStrategy Inc. bought $101 million of Bitcoin after announcing that it would use perpetual preferred stock as well as common shares and debt to acquire more of the cryptocurrency.

MicroStrategy, the largest corporate holder of Bitcoin, is eyeing a $2 billion raise from a perpetual preferred stock offering to buy more Bitcoin in a move that would expand on the company’s “21/21” plan.

MicroStrategy's ( NASDAQ: MSTR) weekly bitcoin buying binge continued as it added another $101M worth of bitcoin ( BTC-USD) during the two days ended 2024, it disclosed on Monday, although the pace of purchases continued to slow.

MicroStrategy buys 1,070 Bitcoin for $101M, boosting BTC holdings. Yield reaches 74% amid ongoing bitcoin acquisition.

MicroStrategy, the largest corporate holder of Bitcoin, revealed a fresh acquisition of 1,070 BTC made during the final two days of 2024. The announcement, made on January 6, highlighted that the company spent approximately $101 million on December 30 and 31,

MicroStrategy (NASDAQ:MSTR) seeks to buy another $2 billion worth of Bitcoin (CRYPTO:BTC) ahead of a shareholder vote on massively increasing the number of company shares outstanding. Although details of the new proposal have yet to be finalized,

MicroStrategy added another 1,070 Bitcoin to its holdings, spending around $101 million at an average price of $94,004 per Bitcoin.