Microstrategy confirmed that it’s not going to stop here with 471,107 BTC holdings and is currently working on a new plan to raise funds for Bitcoin buying.
Microstrategy is a popular business intelligence firm, known for its Bitcoin investment strategy. Despite the challenges, this company has been buying Bitcoin continuously with the vision to make Microstrategy a Bitcoin millionaire company. This company started buying Bitcoin in 2020 under the leadership of its executive chairman & former CEO Michael Saylor.
On 27 Jan 2025, Microstrategy announced the acquisition of a total of 10,107 BTC at the trade price of $105k. The company spent nearly $1.1 billion.
Now, this Bitcoin bull company is holding a total of 471,107 BTC at an average trade price of $64,511 with a net unrealized profit of 56%.
On the same day, this business intelligence firm also announced the launch of $STRK, a new convertible preferred stock offering. This new stock will be available for institutional investors and selected retail investors to purchase. This new financial asset will play as an instrument for people to invest in the company with potential conversion into common shares later.
Also on the same day, MicroStrategy submitted Form S-3 with the American securities regulatory body SEC to share the company’s plan to raise more funds by issuing debt securities, Class A common stock, preferred stock, depositary receipts, warrants and hybrid securities so that company can further expand its Bitcoin investment.
$MSTR price action
The current trade price of MicroStrategy ($MSTR) stock is $347.9 & this price level is 5.4% high over the last 30 days trading period, reflecting a similar pattern with Bitcoin price.
Microstrategy ($MSTR) purchases 10k+ BTC & announces to raise more funds to increase Bitcoin holding