MicroStrategy Expands Bitcoin Holdings to 447,470 BTC With $101 Million Purchase

The company plans to raise $2 billion through preferred stock offerings to fund further Bitcoin acquisitions as part of its ambitious '21/21 Plan.'

MicroStrategy purchased 1,070 BTC for $101 million at an average price of $94,004 per Bitcoin, marking its ninth consecutive week of acquisitions.
The company now holds 447,470 BTC, worth approximately $45 billion at the current Bitcoin price of over $101,000.
MicroStrategy announced plans to raise up to $2 billion through perpetual preferred stock offerings, targeting institutional investors like banks and pension funds.
The $2 billion capital raise is part of the broader '21/21 Plan,' which aims to secure $42 billion in equity and debt to fund Bitcoin purchases.
MicroStrategy's stock has surged over 470% in the past year, reflecting investor confidence in its Bitcoin-focused strategy despite concerns about leverage and sustainability.