MicroStrategy Invests Another Billion in Bitcoin, Plans New Stock Sale to Fund Further Buys

At current market prices, the Bitcoin trove is valued at about $47 billion—a sum that represents approximately two percent of all bitcoins that will ever be in circulation.

Source: MicroStrategy Announcement

Michael Saylor, MicroStrategy’s co-founder and executive chairman, has championed Bitcoin as a primary treasury asset since 2020, positioning the firm as one of the most influential corporate investors in cryptocurrency.

Over the last 12 consecutive weeks, MicroStrategy has fueled its Bitcoin buying spree through both equity sales and debt issuance, issuing nearly 2.76 million new shares to finance its latest purchase alone.

Just last week, MicroStrategy shareholders voted to significantly expand the company’s capital-raising capabilities by increasing the number of authorized Class A common shares from 330 million to 10.3 billion and the number of preferred shares to 1 billion. Building on that vote, MicroStrategy also announced plans to offer 2,500,000 shares of a new Series A Perpetual Strike Preferred Stock. According to the company’s filings, proceeds will be used explicitly to buy even more Bitcoin, further solidifying MicroStrategy’s reputation as a leveraged Bitcoin proxy on the public markets.

While this aggressive approach has drawn praise from crypto advocates who see MicroStrategy as a trailblazer—particularly among publicly traded companies like Marathon Digital and Semler Scientific following suit—it has also attracted questions about the wisdom of relying so heavily on a volatile asset. Critics caution that the firm’s debt-heavy strategy could pose challenges if Bitcoin experiences a significant downturn.

Despite the skepticism, Saylor appears unwavering. At a shareholder meeting, he reiterated that the company has no intention of liquidating its Bitcoin holdings to service debt, promising to rely instead on capital markets activities and operational cash flow.

MicroStrategy’s stock fell about four percent in recent trading—a move that some analysts interpret as part of a broader sell-off in both cryptocurrency and equity markets. Bitcoin itself dropped below $100,000 amid rising concerns over the impact of Chinese AI model DeepSeek on the US tech industry.

Nonetheless, MicroStrategy’s persistent acquisitions indicate the firm’s long-term belief that Bitcoin remains a superior store of value and a strategic hedge against inflationary pressures.