MicroStrategy (MSTR) bought another $1.1 billion of bitcoin (BTCUSD), its largest purchase in more than a month and its 澳洲幸运5官方开奖结果体彩网:11th consecutive week of buying.

The company added 11,000 BTC to its holdings, bringing its total to 461ꦛ,000 bitcoin worth roughly $47 billion at current prices. It financed this latest acquisition through the issuance and sale of ౠshares.

Selling Shares To Add To Bitcoin Stash

MicroStrategy's bitcoin buying playbook has included selling shares or leveraging debt to fund purchases. Last year, it announced plans to raise $42 billion over three years using those methods to build its bitcoin book. It expanded that goal by $2 billion earlier this year.

On Tuesday, MicroStrategy voters will cast their ballots to decide whether the company should increase authorized shares of class A common stock to 10.3 billion from 330 million and its authorized preferred stock to 1 billion from 5 million. If that vote goes through, it will add to MicroStrategy's ability to use share sales to buy more bitcoin. As of Jan. 21, MicroStrategy has roughly $5.42 billion left in equity available to issue under its current capital plan.

MicroStrategy’s bitcoin acquisition strategy has not come without 澳洲幸运5官方开奖结果体彩网:criticism. Some investors question the risks tied to its approach based on debt and equity issuance. But it has inspired other listed companies, 澳洲幸运5官方开奖结果体彩网𒀰:such as bitcoin miner Maratho💖n Digital (MARA), to follow its bitcoin treasury blueprint.

The company's stock fell as much as 7% in early trading but recovered a little to trade 3% lower in recent trading. Over the past year, MicroStrategy shares have gained more than 690%.