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.

Key Takeaways MicroStrategy shares rose as the company bought an additional $101 million worth of bitcoin last week.The company now owns approximately 447,470 bitcoins on its books, worth roughly $45 billion at current prices.

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

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

MicroStrategy announced Monday that it had spent another $101 million buying Bitcoin and now owns 447,470 coins.

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.

Shares of cryptocurrency-focused companies like Coinbase and MicroStrategy jumped Thursday morning ahead of the first trading session of the new year as Bitcoin also rose.

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,