MicroStrategy Buys Another $1.1 Billion of Bitcoin — WSJ
2025-01-27
Category: None

By Vicky Ge Huang
The software-intelligence company turned bitcoin-holding entity said Monday it recently bought another $1.1 billion of bitcoin.
MicroStrategy has funded its massive bitcoin purchases by selling a mixture of stock and debt, including convertible bonds-debt that can eventually be converted into shares, if the stock price rises to a specified level.
In the fall, MicroStrategy said it would raise $21 billion each of debt and equity over three years to fund bitcoin purchases. The recent buying leaves the company just $4.35 billion away from its three-year target for stock sales.
The Tysons Corner, Va.-based company also said Monday that it will issue 2.5 million units of so-called "perpetual strike preferred stock".
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).