Key Takeaways MicroStrategy shares rose as the company bought an additional $101 million worth of bitcoin last week.The company now owns approximately 447,470 bitcoins on its books, worth roughly $45 billion at current prices.

The latest bitcoin purchase was funded through share sales under the company's at-the-market (ATM) program. MicroStrategy announced it would be raising up to $2 billion via a preferred stock offering to acquire more bitcoin.

The move is part of the company’s plan to issue $21 billion of equity and $21 billion in fixed-income instruments over the next three years.