Share this article
BTC
$82,957.30
+
0.43%ETH
$1,792.34
-
0.00%USDT
$0.9996
+
0.01%XRP
$2.1429
+
1.49%BNB
$594.01
+
0.34%SOL
$118.20
+
0.55%USDC
$1.0000
+
0.01%DOGE
$0.1682
-
0.04%ADA
$0.6539
-
0.23%TRX
$0.2384
-
1.08%LINK
$12.72
+
0.73%LEO
$8.9794
-
4.44%TON
$3.2415
-
4.56%XLM
$0.2540
-
1.69%AVAX
$17.98
-
0.57%SHIB
$0.0₄1219
-
0.17%SUI
$2.2028
-
0.85%HBAR
$0.1602
-
2.27%LTC
$82.68
-
0.58%OM
$6.2284
-
1.51%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
MicroStrategy Adds 10.1K Bitcoin to Holdings, Launches Preferred Stock Sale for Additional Buying Power
It's the 12th consecutive week the company has purchased bitcoin.
What to know:
- MicroStrategy bought another 10,107 bitcoin.
- The firm announced a preferred stock offering to continue its bitcoin accumulation.
- The company now holds 471,107 BTC, Michael Saylor wrote in a tweet.
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR).
MicroStrategy (MSTR) brought its bitcoin holdings to 471,107 following another week of accumulating tokens. Alongside, the company announced a preferred share offering of roughly $250 million as it opened up a new front to raise money to purchase even more BTC.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The firm, led by Executive Chairman Michael Saylor, announced that the Series A Perpetual Preferred Stock (STRK) will have a $100 liquidation preference. Each share of STRK is initially convertible into one-tenth of a share of Class A common stock, effectively setting a $1,000 implied conversion price per Class A share. STRK will also pay an $8 per share cumulative annual preferred dividend, according to Saylor.
The announcement came after MicroStrategy increased its bitcoin holdings for the 12th straight week.
In the week ended Jan. 26, the company bought 10,107 BTC, taking its total stack to 471,107 BTC, Saylor wrote in a post on X. The purchase, at an average price of $105,596 per bitcoin, raised MicroStrategy's overall average purchase price to $64,511.
Saylor teased the announcement on Sunday, as he has done in recent weeks, posting: "Don't stop thinking about tomorrow."
On Jan. 21, MicroStrategy shareholders approved increasing the authorized number of Class A common shares to 10.3 billion from 330 million shares.
MicroStrategy also filed a mixed securities shelf registration that now includes: debt securities, preferred stock, warrants and depository shares in addition to Class A common stock.
UPDATE (Jan. 27, 13:21 UTC): Adds details on MicroStrategy's mixed securities registration.
UPDATE (Jan. 27, 13:40 UTC): Adds details on firm's preferred share offering.
James Van Straten
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin's role within the broader financial system. In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).
Francisco Rodrigues
Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk's $1,000 disclosure threshold.
