MicroStrategy Bags Over $1B in Bitcoin, Launches $250M Preferred Stock Offering

• MicroStrategy is the largest corporate holder of Bitcoin in the world and now holds 471,107 BTC worth over $48 billion.
• The firm has launched STRK, a new preferred stock offering that could raise $250 million.
• Acquired at an average price of $64,524 per BTC, its holdings currently bear $17.7 billion in unrealized profits.

MicroStrategy (MSTR) has expanded its Bitcoin (BTC) holdings by 10,107 BTC as the firm continues to use funds generated from share offerings to acquire even more satoshis.

Now, with over $47 billion in BTC, the firm has launched a fresh $250 million stock offering to boost its BTC balance sheets again.

MicroStrategy Bags Bitcoin

As per MicroStrategy’s announcement , the firm purchased a further 10,107 BTC for roughly $1.1 billion at an average price of $105,596 per token. This now raises the firm’s total holdings to 471,107 BTC, worth over $48 billion at today’s prices.

So far, it’s a bold move that has lost some 6.29% in value due to Bitcoin briefly retreating back under $100,000 earlier today.

According to Saylor Tracker, it’s the second and only other BTC purchase that has lost value. The first was a Dec. 23 purchase of 5262 BTC for just over $527 million at an average price of $106,662 per BTC.

It follows a recent shareholder vote to substantially increase MicroStrategy’s authorized Class A common shares by 30-fold, and increase preferred stock by 200-fold.

Following this, the firm sold over 2.7 million shares, generating the $1.1 billion it would throw at this latest BTC purchase.

Some would consider the firm’s BTC purchasing spree rather aggressive, especially during periods of sensational volatility. Naturally, Saylor disagrees.

New Stock Offering

In yet another bid to generate cash for Bitcoin, the firm has announced the launch of STRK, a new 2.5 million share preferred stock offering that could raise $250 million.

As per the announcement, the STRK holders can convert shares into MicroStrategy Class A common stock under specific conditions. Furthermore, it’ll provide quarterly dividends from March 31, 2025, which can be paid in cash, Class A common stock, or both. The release writes:

“MicroStrategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital.”

It’s yet another bold and exceedingly bullish move from the firm that is putting its all into Bitcoin.