MicroStrategy Stock Jumps On Latest Bitcoin Buy, Capital Raising Plans [Video]

Shares of MicroStrategy (MSTR) rose Monday as one of the largest corporate holders of bitcoin (BTCUSD) added to its stockpile, with plans to raise more capital for future purchases. 

The company purchased 1,070 bitcoins for $101 million, at an average price of $94,004 per bitcoin, on Dec. 30 and Dec. 31, according to a recent regulatory filing.

MicroStrategy now holds approximately 447,470 bitcoins, worth roughly $45 billion as bitcoin prices climbed back above $101,000 Monday.

The purchase filing comes after the MicroStrategy unveiled plans to raise up to $2 billion over the next three years on Friday.

The capital raise adds to MicroStrategy’s previously-announced “21/21” strategy. The 21/21 plan is the company’s strategy of raising $42 billion of capital by selling new shares and fixed-income securities to buy more bitcoin.

MicroStrategy also joined the Nasdaq 100 index in late December, although concerns about leverageand sustainability of the company’s bitcoin buying strategy …