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 bought bitcoin yet again, and it has no plans to slow down purchases anytime soon. The company also plans to raise $2 billion in capital over three years to fund more purchases.

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.

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

MicroStrategy's share price has faced a prolonged plunge, falling 45% from its November peak as the firm's Bitcoin buys get smaller.

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,

It’s another Monday, and like clockwork, MicroStrategy has done it again. The company, led by Bitcoin maximalist Michael Saylor, just dropped $101 million on another 1,070 Bitcoins. The average cost was $94,