MicroStrategy Buys $1.57 B Bitcoin and Raises $1.2 B via Preferred Shares
MicroStrategy bought $1.57 billion worth of Bitcoin last week, acquiring 22,337 BTC and boosting its holdings to roughly 761,000 BTC valued at $55.8 billion. Demand for its 11.5% paying variable-rate preferred shares raised $1.2 billion, lifting their market value to about $5 billion and driving MicroStrategy stock to a 45-day high.
1. Largest Bitcoin Purchase of 2026
MicroStrategy executed its largest Bitcoin purchase of 2026 by acquiring 22,337 BTC for $1.57 billion last week, bringing total holdings to roughly 761,000 BTC valued at $55.8 billion based on recent trading levels.
2. Surge in Variable-Rate Preferred Share Demand
Demand for its 11.5% paying variable-rate preferred shares surged, raising $1.2 billion last week compared to $377 million the prior week and boosting their market value to about $5 billion, a 30% increase over the past month.
3. Stock Reaction and Valuation
MicroStrategy’s stock jumped to a 45-day high of $148 and traded up 4% at $145.40 on the latest session, though shares remain down over 56% in the past six months amid broader cryptocurrency volatility.
4. Dividend Burden and Future Issuances
The firm’s dividend burden on its preferred stock now exceeds $1 billion monthly; it has maintained $2.25 billion in cash reserves and plans to issue new preferred shares when prices exceed $100 to fund further Bitcoin purchases.