MicroStrategy (MSTR) brought its bitcoin holdings to 471,107 following another week of accumulating tokens. Alongside, the company announced a preferred share offering of roughly $250 million as it opened up a new front to raise money to purchase even more BTC.

MicroStrategy Inc. bought Bitcoin for a 12th consecutive week and unveiled details for the sale of perpetual preferred stock to help finance additional purchases of the cryptocurrency.

Key Takeaways MicroStrategy purchased 10,107 bitcoin for roughly $1.1 billion over the past week.The publicly-traded bitcoin treasury company now holds 471,107 bitcoin purchased, worth roughly $47 billion at current prices.