Microstrategy bought another $1B in Bitcoin last week

• MicroStrategy bought another $1.1 billion worth of bitcoins for the treasury, bringing its total holdings to 461,000 bitcoins.

• This is the eleventh week in a row that MicroStrategy has announced a Bitcoin buy.

• Investors will vote on Tuesday to increase MicroStrategy’s share and issue preferred stock to increase its ability to buy more bitcoins.

micro strategy (MSTRHe bought another $1.1 billion worth of bitcoins.BTCUSD) the biggest purchase he made in more than a month and his 11th consecutive week to buy.

The company added 11,000 BTC to its holdings, bringing the total to 461,000 bitcoins at a current value of $47 billion. It financed this latest acquisition by issuing and selling shares.

A micro strategy bitcoin playbook involves selling stocks or using debt for purchases. Last year, he announced that he plans to raise $42 billion in three years by using these methods to build his bitcoin book. He It is spread That goal reached $2 billion earlier this year.

On Tuesday, MicroStrategy voters will vote to decide whether the company should increase its authorized Class A shares from 330 million to 10.3 billion and its authorized preferred shares from 5 million to 1 billion. If that volume comes out, it adds stock sales to MicroStrategy to buy more Bitcoin. In the year As of January 21, MicroStrategy had approximately $5.42 billion of equity remaining to issue under its current capital plan.

Microstrategy Bitcoin Earning Strategy does not come without it. Criticism. Some investors question the risks associated with the process based on debt and equity issuance. But it inspired other listed companies, As Bitcoin Miner Marathon Digital (MARA)to follow the pattern of the bitcoin treasury.

The company’s stock fell as much as 7% in early trading but recovered slightly to close 3% lower in recent trading. Last year, Microstrategy shares gained more than 690%.

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