MicroStrategy Inc. bought Bitcoin for a 12th consecutive week and unveiled details for the sale of perpetual preferred stock to help finance additional purchases of the cryptocurrency.

In a little less than three months, MicroStrategy has spent nearly half of its three-year, $42 billion capital plan to buy bitcoin.

Key Takeaways MicroStrategy purchased 10,107 bitcoin for roughly $1.1 billion over the past week.The publicly-traded bitcoin treasury company now holds 471,107 bitcoin purchased, worth roughly $47 billion at current prices.

MicroStrategy unveiled its Series A Perpetual Strike Preferred Stock (STRK) with an 8% cumulative dividend. MicroStrategy’s preferred stock offering unlocks a new way to raise