Key Takeaways
- MicroStrategy bought 10,107 Bitcoin, totaling 471,107 BTC.
- The company launched a 2.5M preferred stock offering (STRK).
- MicroStrategy's average Bitcoin purchase price is $64,511.
MicroStrategy has added 10,107 Bitcoin (BTC) to its growing holdings, marking the 12th consecutive week of accumulation.
The latest purchase brings the company’s total Bitcoin holdings to 471,107 BTC, Executive Chairman Michael Saylor confirmed on January 27 via a post on X.
The firm purchased the Bitcoin at an average price of $105,596, raising MicroStrategy’s overall average purchase price to $64,511 per BTC.
Saylor, known for his bullish stance on Bitcoin, hinted at the news with a post on January 21 stating:
Don’t stop thinking about tomorrow.
New preferred stock offering
To fund its ongoing Bitcoin acquisition strategy, MicroStrategy has announced a preferred share offering of 2.5 million shares of Series A Perpetual Preferred Stock (STRK).
Each STRK share carries an 8% cumulative dividend and an initial $100 liquidation preference.
The stock is convertible into one-tenth of a Class A common share at a $1,000 conversion price.
Corporate actions
This comes shortly after MicroStrategy shareholders approved an increase in authorized Class A common shares to 10.3 billion from 330 million.
The firm also filed a mixed securities registration, allowing it to offer debt securities, preferred stock, warrants, and other instruments.
Strategic position
MicroStrategy continues to solidify its position as one of the largest corporate holders of Bitcoin, reaffirming its commitment to Bitcoin as a primary reserve asset.
