MicroStrategy Plans $2 Billion Offering to Expand Holdings to 446,400 Bitcoin Worth $43.7 Billion

Jan 5, 2025, 09:30 AM

MicroStrategy Inc. (MSTR) is intensifying its investment strategy in Bitcoin, announcing a perpetual preferred stock offering aimed at raising $2 billion. This move is part of the company's ongoing efforts to solidify its position as a major player in the Bitcoin market, where it is already recognized as the second-best performing stock in the Russell 1000. The company currently holds 446,400 Bitcoin, valued at approximately $43.7 billion. CEO Michael Saylor has indicated a bullish outlook on Bitcoin, suggesting he may purchase up to $1 billion when Bitcoin reaches $1 million per coin. Additionally, there are anticipations of further Bitcoin acquisitions, with speculation that MicroStrategy may announce another purchase soon. The combined holdings of MicroStrategy and BlackRock now total 997,476 Bitcoin, representing nearly 5% of the total Bitcoin supply.