MicroStrategy (MSTR) has shown no signs of slowing down their bitcoin purchases and bought another billion dollars worth of bitcoin (BTCUSD) last week.

The company continued to flex its bitcoin treasury muscle with a purchase of 10,107 bitcoin for approximately $1.1 billion over the past week. This latest acquisition briಌngs the firm’s total holdinওgs to 471,107 bitcoin.

MicroStrategy has been utilizing equity sales and debt issuance to fund its bitcoin purchases, with this being the 澳洲幸运5开奖号码历史查询:twelfth week in a row such a purchase was announced. The company issued roughly 2,76 million shares to fin🅘ance ꦫlast week's purchases.

This latest move also coincides with shareholder approval to increase the authorized number of Class A common shares to 10.3 billion and shares of preferred stock to 1 billion. Additionally, the company announced an offering of 2,500,000 shares of MicroStrategy’s Series A Perpetual Strike Preferred Stock on Monday.

While MicroStrategy’s approach to bitcoin as a treasury asset has inspired other publicly-traded companies, such as 澳洲幸运5开奖号码历史查询:Marathon Digital (MARA) and 澳洲幸运5开奖号码历史查询:Semler Scientific (SMLR), to do the same, it has also invited scrutiny regarding its dꦯebt-heavy strategy to acquire as much of th♏e asset as possible.

MicroStrategy stock, often considered a 澳洲幸运5开奖号码历史查询:bitcoin proxy, was down 4% in recent trading and bitcoin slid below $100,000 amid a broader sell-off in crypto and equity markets.