MicroStrategy Unveils STRK Stock Offering to Fund More Bitcoin (BTC) Acquisitions

MicroStrategy, the world's largest corporate Bitcoin (BTC) holder, increased its holdings to a staggering 471,101 tokens after completing its second purchase during President Donald Trump's administration.

MicroStrategy, Inc. (NASDAQ: MSTR) announced a fresh Bitcoin (BTC) purchase in the twelfth consecutive week, while also unveiling a new stock offering to finance further crypto acquisitions.

World’s Largest BTC Holder Adds 10,101 More Tokens

business newsMicroStrategy Discloses Second Bitcoin Purchase Under Biden Administration

MicroStrategy, the world’s largest corporate Bitcoin holder, has increased its holdings to a staggering 471,101 tokens after completing its second purchase during President Donald Trump’s administration.

The company invested another $1.1 billion in BTC, acquiring 10,101 BTC at an average price of $105,596, according to a disclosure filing shared by MicroStrategy executive chairman Michael Saylor.

Saylor’s firm, which began purchasing BTC in 2020, has spent $30.4 billion accumulating its massive Bitcoin treasury. The stockpile was valued at nearly $50 billion at press time, with BTC trading around $100,000 following a 4% price drop on Jan. 27 due to a stock market correction.

MicroStrategy’s New STRK

Increasing its Bitcoin holdings was not the only announcement from MicroStrategy this week. Saylor also revealed the launch of STRK, a mixed securities offering available to institutional investors and select retail buyers.

The mixed securities offering is a flexible financial vehicle that allows companies to offer multiple investment contract options under a single filing. Through STRK, MicroStrategy can present investors with securities such as preferred stock or common stock to raise capital.

According to Saylor, the proceeds from STRK will be used to purchase additional Bitcoin and for general corporate purposes. The initiative is likely part of Saylor’s “21/21” plan, which expects to invest $42 billion in Bitcoin by 2028 and further cement the company’s position as the largest BTC holder.

So far, shareholders appear supportive of Saylor’s vision. Last week, shareholders voted to increase the number of authorized Class A common shares by 30 times to enable capital raising.

$MSTR today announced the launch of $STRK, a new convertible preferred stock offering available to institutional investors & select retail investors.

To view the investor presentation video, learn more about participating, & access key details, click here.