MicroStrategy (MSTR) has bolstered its bitcoin holdings to 471,107 BTC, purchasing 10,107 BTC in the week ending January 26, continuing its streak of acquiring the digital asset for the 12th consecutive week. The purchase, made at an average price of $105,596 per bitcoin, has increased the company’s overall average purchase price to $64,511 per BTC.

In addition to the bitcoin purchase, the company, led by Executive Chairman Michael Saylor, announced a $250 million preferred stock offering. The Series A Perpetual Preferred Stock (STRK) offers an 8% cumulative preferred dividend and can be converted into one-tenth of one share of Class A common stock at a price of $1,000 per share. Each STRK share comes with a $100 liquidation preference.

The move follows a January 21 shareholder approval to raise the authorized number of Class A common shares from 330 million to 10.3 billion. MicroStrategy also filed a mixed securities shelf registration, which includes debt securities, preferred stock, warrants, and depository shares, alongside its Class A common stock.

This strategy indicates MicroStrategy’s ongoing commitment to expanding its bitcoin holdings while also raising capital to fund future acquisitions of the cryptocurrency.