Key Takeaways MicroStrategy shares rose as the company bought an additional $101 million worth of bitcoin last week.The company now owns approximately 447,470 bitcoins on its books, worth roughly $45 billion at current prices.

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.

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.