MicroStrategy bought bitcoin yet again, and it has no plans to slow down purchases anytime soon. The company also plans to raise $2 billion in capital over three years to fund more purchases.

The move is part of the company’s plan to issue $21 billion of equity and $21 billion in fixed-income instruments over the next three years.

MicroStrategy Inc. bought $101 million of Bitcoin after announcing that it would use perpetual preferred stock as well as common shares and debt to acquire more of the cryptocurrency.

The latest bitcoin purchase was funded through share sales under the company's at-the-market (ATM) program. MicroStrategy announced it would be raising up to $2 billion via a preferred stock offering to acquire more bitcoin.

MicroStrategy's (NASDAQ:MSTR) weekly bitcoin buying binge continued as it added another $101M worth of bitcoin (BTC-USD) during the two days ended 2024, it disclosed on Monday, although the pace of purchases continued to slow.

MicroStrategy added another 1,070 Bitcoin to its holdings, spending around $101 million at an average price of $94,004 per Bitcoin.

MicroStrategy announced on August 11, 2020, its first bitcoin purchase where it bought 21,454 bitcoins for $250 million or an average of $11,653. Over the past four plus years it has bought a total of 444,262 bitcoins for about $27.7 billion or $62,257 each.