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By James Van Straten, Francisco Rodrigues|Edited by Sheldon Reback
Updated Jan 27, 2025, 2:46 p.m. UTCPublished Jan 27, 2025, 12:18 p.m. UTC
What to know:
- MicroStrategy bought another 10,107 bitcoin.
- The firm announced a preferred stock offering to continue its bitcoin accumulation.
- It 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), announced a preferred share offering of 2.5 million as the firm looks at new ways to accumulate bitcoin (BTC).
The firm led by Executive Chairman Michael Saylor, said that the Series A Perpetual Preferred Stock (STRK) will have a $100 liquidation preferences with an 8% dividend, according to Saylor.
The announcement came after MicroStrategy increased its bitcoin holding for the 12th straight week.
In the week ended Jan. 26, the company bought 10,107 BTC, taking its total holdings 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 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 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.
