A big reason MicroStrategy ( MSTR -4.40%) was such a hot stock in 2024 is its bullish position on Bitcoin. The company is such a big believer in crypto that it's planning to raise $42 billion in capital during the next three years for the purpose of adding to its tally.

MicroStrategy has revealed plans to raise up to $2 billion through public offerings to buy more Bitcoin for its treasury.

MicroStrategy announced on August 11, 2020, its first bitcoin purchase where it bought 21,454 bitcoins for $250 million or an average of $11,653. Over the past four plus years it has bought a total of 444,262 bitcoins for about $27.7 billion or $62,257 each.

MicroStrategy bought about $209 million of bitcoin in the past week, making it eight weeks in a row that the company has acquired more of the digital currency.

MicroStrategy's Bitcoin purchases 2,138 BTC, worth $209 million, reflecting a continued investment strategy in the growing market.

"These types of things never go on forever and often end poorly," Steve Sosnick said of MicroStrategy's leveraged bitcoin bet.

MicroStrategy Inc. said it bought $209 million of Bitcoin, marking the eighth consecutive week of purchases for the dot-com-era software maker turned leveraged proxy for the original cryptocurrency.

Traders are no longer chasing upside in Nasdaq-listed MicroStrategy (MSTR), a leveraged play on bitcoin (BTC), signaling a cautious shift in

Bitcoin is kicking off 2025 in a position of strength, backed by robust fundamentals and unprecedented momentum.

Bitcoin (BTC) holder balances shifted toward new holders, sparking a new balance with a $87,000 support price. Most buyers are still in the money, but may set the pace during eventual drawdowns.

Prominent Bitcoin advocate Michael Saylor has met with Eric Trump, sharing a photo of the two from a meeting in Mar-a-Lago. What Happened: Saylor shared a photo of himself and Eric Trump with the statement,