The companies plan to collectively pick up $3 billion worth of bitcoin this year, with MicroStrategy's targeting the purchases in Q1 2025.

MicroStrategy’s share price rose to $341.14, after a rocky 24 hours when share prices tanked 40%. Earlier this week, the firm – the world’s largest corporate holder of bitcoin – announced the acquisition of 2,

MicroStrategy (NASDAQ: MSTR) and KULR Technology (NYSEMKT: KULR) both recently generated a lot of buzz with their big investments in Bitcoin (CRYPTO: BTC). Microstrategy, which started buying Bitcoin in 2020,

Shares of cryptocurrency-focused companies like Coinbase and MicroStrategy jumped Thursday morning ahead of the first trading session of the new year as Bitcoin also rose.

MicroStrategy's share price has faced a prolonged plunge, falling 45% from its November peak as the firm's Bitcoin buys get smaller.

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 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 plans to raise $2 billion from a perpetual preferred stock offering to purchase extra Bitcoin for the company.

MicroStrategy, the largest corporate Bitcoin holder, has announced plans to raise another $2 billion through a perpetual preferred stock offering.

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

MicroStrategy is targeting a capital raise of up to $2 billion to continue to strengthen its balance sheet and acquire more Bitcoin, the business software company announced. The capital raise will be through one or more public underwritten offerings of perpetual preferred stock,