#MicroStrategyAcquiresBTC

MicroStrategy Expands Bitcoin Holdings and Plans $2B Fundraising

MicroStrategy has once again increased its Bitcoin holdings, purchasing 1,070 BTC for $101 million. This brings its total to 447,470 BTC, with an average purchase price of $62,503 per Bitcoin.

To fund further acquisitions, the company announced plans to raise up to $2 billion through a preferred stock offering. This move will provide additional capital while prioritizing investors over common stockholders. The offering is expected in Q1 2025, though details are still being finalized.