MicroStrategy Expands Bitcoin Holdings by 10.1K BTC and Plans Preferred Stock Sale to Increase Investment Power.

MicroStrategy (MSTR) has increased its bitcoin holdings to 471,107 BTC following its latest purchase of 10,107 BTC in the week ending January 26, marking the 12th consecutive week of accumulation. The latest buy, executed at an average price of $105,596 per bitcoin, brought the company’s average purchase price to $64,511.

Along with its bitcoin acquisition, MicroStrategy, led by Executive Chairman Michael Saylor, also announced a $250 million preferred stock offering. The Series A Perpetual Preferred Stock (STRK) will offer an 8% cumulative preferred dividend and is convertible into one-tenth of one share of Class A common stock at a price of $1,000 per share. Each STRK share carries a $100 liquidation preference.

The announcement followed shareholder approval on January 21 to increase the authorized number of Class A common shares from 330 million to 10.3 billion. Furthermore, the company filed a mixed securities shelf registration, which includes debt securities, preferred stock, warrants, and depository shares in addition to its Class A common stock.

The strategic move reflects MicroStrategy’s commitment to bolstering its bitcoin holdings and raising capital to fund future acquisitions.