MicroStrategy continues to purchase Bitcoin

MicroStrategy is increasing its Bitcoin holdings. Last week, the company bought an additional $1.1 billion worth of Bitcoin. To acquire more, it is considering selling part of its stock portfolio.

Currently, MicroStrategy holds 471,107 BTC.

On January 27, the company announced plans to offer 2.5 million units of perpetual preferred stock. This type of stock has liquidation priority and pays a fixed dividend. Shareholders can also convert it into common stock.

MicroStrategy stated that the offering will have a liquidation preference of $100 per share. The company will pay dividends quarterly, starting on March 31.

In its announcement, MicroStrategy said it plans to use the net proceeds for general corporate purposes, including Bitcoin acquisition and working capital.

The company described itself as “the world’s first and largest Bitcoin Treasury Company.” This signals a shift away from its primary focus on business intelligence software.

MicroStrategy

MicroStrategy is a prominent business intelligence software firm that has recently made headlines for its significant investments in Bitcoin. The company specializes in providing data analytics and business intelligence solutions to corporate clients. However, its bold moves in the cryptocurrency space have positioned it as a key player in the Bitcoin market.

MicroStrategy’s Bitcoin Journey

Why Choose Bitcoin? Michael Saylor, the founder and CEO of MicroStrategy, regards Bitcoin as a form of digital gold and sees it as a safeguard against inflation.

Significant Investments: MicroStrategy was among the first major corporations to amass a substantial Bitcoin reserve. These investments are designed to enhance the company’s financial stability and establish Bitcoin as a reliable long-term asset.

A Bitcoin-Centric Approach: By openly advocating for Bitcoin, MicroStrategy not only leads by example but also encourages other companies to explore opportunities in the cryptocurrency sector, thereby increasing institutional interest in Bitcoin.