JUST (jst) 
MicroStrategy Announces $2 Billion Preferred Stock Offering to Expand Bitcoin Holdings
MicroStrategy has revealed plans to issue perpetual preferred stock, aiming to raise up to $2 billion in the first quarter of 2025. This move is part of the company’s ambitious 21/21 Plan, which targets $42 billion through various financial instruments over three years.
MicroStrategy’s Bitcoin Accumulation Strategy
The Tysons Corner, Virginia-based company, led by founder Michael Saylor, plans to use the proceeds from the offering to “strengthen its balance sheet and acquire more bitcoin.” This move is part of the company’s ongoing and aggressive Bitcoin acquisition strategy.
MicroStrategy has been actively buying Bitcoin throughout December 2024, with recent transactions including:
- Dec. 30: 2,138 BTC at $97,837 per coin ($209 million)
- Dec. 23: 5,262 BTC at $106,662 per coin ($561 million)
- Dec. 16: 15,350 BTC at $100,386 per coin ($1.5 billion)
- Dec. 9: 21,550 BTC at $98,783 per coin ($2.1 billion)
- Dec. 2: 15,400 BTC at $95,976 per coin ($1.5 billion)
MicroStrategy’s Bitcoin Holdings and Unrealized Gain
According to the MicroStrategy Bitcoin portfolio tracker, the company now holds approximately 446,400 BTC valued at $43.67 billion. This represents an all-time unrealized gain of 56.78% ($15.82 billion) on its investment. The company’s average acquisition cost stands at $62,396 per Bitcoin, compared to the current price of around $97,699.
Bitcoin Market Performance
The announcement comes as Bitcoin is trading close to 10% down from its all-time high of $108,268 touched on Dec. 17, 2024. At press time, BTC has shown clear signs of struggle in breaching the $100,000 milestone.
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