MicroStrategy's latest Bitcoin purchase raises its total holdings to 580,250 BTC as the company plans to issue up to $3 billion in preferred stock to fund further acquisitions under its '42/42' strategy.
MicroStrategy acquired an additional 4,020 BTC for $427 million at an average price of $106,237 per Bitcoin between May 19 and 25, bringing its total Bitcoin holdings to 580,250 BTC. The company's average acquisition cost increased to $69,979 per BTC, representing 2.76% of Bitcoin's total supply. As part of its ambitious '42/42' strategy, MicroStrategy plans to issue up to $3 billion in perpetual preferred stock to further expand its Bitcoin position, with a goal of raising $84 billion by 2027.
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