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MicroStrategy bought bitcoin for nine consecutive weeks, bringing its total holdings to about $44.30 billion

MicroStrategy Inc. bought $101 million in bitcoin after announcing it would buy more cryptocurrencies using perpetual preference shares, common stock and debt. The Tyson Point, Va., enterprise software company has been buying bitcoin for nine straight weeks, and its co-founder and chairperson, Michael Saylor, wants to move forward with its strategy of holding bitcoin. The company holds about $44.30 billion in bitcoin. MicroStrategy bought 1,070 bitcoin at an average price of about $94,000 on Dec. 30 and Dec. 31, according to Securities Exchange Commission filings. Quarter 1 plans to raise up to $2 billion by issuing one or more perpetual preference shares, the company said Friday. The preference share offering is part of a plan to raise $42 billion in capital through a public share offering and the issuance of convertible bonds until 2027.