The latest buying spree brought the firm's BTC holdings to 423,650, or nearly $42 billion worth at current prices. Led by Executive Chairman Michael Saylor, MicroStrategy now holds more than 2% of the 21 million bitcoin that can ever exist.

The company has diluted shareholders to the tune of roughly $12 billion via share sales in recent weeks to stock up on bitcoin.

The price of Bitcoin was rising Tuesday, but it looks unlikely that the cryptocurrency’s recent red-hot rally will reignite soon. The world’s largest token crept up 1.7% to $97,826. It topped $100,000 for the first time last week but has see-sawed around that level since then.

Key Takeaways MicroStrategy purchased 21,550 bitcoin last week, funded by a share sale.The company now holds 423,650 bitcoin, which is worth around $41.5 billion.Bitcoin miner Riot Platforms also announced a $500 million convertible note offering,