MicroStrategy recently advanced its Bitcoin strategy through various financing means. The company raised approximately $584 million by issuing preferred shares and plans to raise a total of $42 billion over the next three years to purchase Bitcoin. As of now, MicroStrategy holds about 471,107 Bitcoins, with an average purchase cost of $64,511 per Bitcoin. Additionally, the company has renamed itself to 'Strategy' to reflect its focus on the fields of Bitcoin and artificial intelligence. Despite reporting losses in the fourth quarter, the company's investment strategy in Bitcoin continues to move forward.