MicroStrategy, the enterprise software company based in Tysons Corner, Virginia, has made headlines once again on Monday by purchasing Bitcoin (BTC) for the twelfth consecutive week. This latest acquisition saw the company spend approximately $1.1 billion on the market’s leading cryptocurrency from January 21 to January 26, as disclosed in a recent filing with the US Securities and Exchange Commission (SEC). With these purchases, MicroStrategy now holds around 471,107 BTC, valued at roughly $30.4 billion, representing over 2% of the total Bitcoin supply that will ever exist. MicroStrategy Aims To Boost Bitcoin Holdings Beyond 500,000 To further finance its Bitcoin acquisition strategy, MicroStrategy has announced plans to sell $250 million in perpetual preferred stock, offering an attractive 8% fixed coupon. This stock will have a conversion price of $1,000, although details remain limited as the information is not yet public. The venture aims to bolster the company’s already substantial Bitcoin holdings, which are nearing the 500,000 BTC milestone. Related Reading: Want To Get Rich? Here’s How To Create A Coin Like XRP From Scratch—Expert MicroStrategy has employed various fundraising strategies, including at-the-market stock sales ..
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