MicroStrategy has been buying Bitcoin for nine consecutive weeks, bringing its total holdings to approximately $44.3 billion.
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2025-01-07 07:02 7,547
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Golden Finance reported that MicroStrategy Inc. bought $101 million in Bitcoin after announcing that it would use perpetual preferred shares, common shares and debt to purchase more cryptocurrencies. The Tysons Corner, Virginia-based enterprise software company has been buying Bitcoin for nine consecutive weeks as its co-founder and chairman Michael Saylor looks to advance its strategy of holding Bitcoin. The company holds approximately $44.3 billion in Bitcoin. According to SEC filings, MicroStrategy purchased 1,070 Bitcoins on December 30 and December 31 at an average price of approximately $94,000. The company said on Friday it plans to raise up to $2 billion in the first quarter through one or more perpetual preferred stock offerings. The preferred share offering is part of a plan to raise $42 billion in capital through 2027 through public stock offerings and the issuance of convertible bonds.