Key Takeaways:
- Massive Bitcoin Purchase: Strategy acquires 20,356 BTC for $1.99 billion.
- Growing Crypto War Chest: Total Bitcoin holdings near 500,000 BTC, worth billions in unrealized profit.
- Aggressive Investment Strategy: Part of a $42 billion plan to expand Bitcoin holdings over the next three years.
Strategy Buys 20,356 Bitcoin for $1.99B
Michael Saylor’s Strategy, formerly known as MicroStrategy, has made another massive Bitcoin purchase, securing 20,356 BTC for $1.99 billion at an average price of $97,514 per coin. This latest acquisition pushes the company’s total Bitcoin holdings to 499,096 BTC, valued at approximately $33.1 billion with an average acquisition price of $66,357 per BTC.
Saylor shared the milestone in a Feb. 24 post on X (formerly Twitter), highlighting the company’s ongoing commitment to Bitcoin as a strategic asset.
$2B Note Offering Powers Bitcoin Buy
The purchase was fueled by a $2 billion senior convertible note offering, announced on Feb. 24. These notes:
- Have a 0% coupon rate and mature on March 1, 2030.
- Are convertible into 2.3072 shares of Strategy’s Class A stock per $1,000 note.
- Were priced at a 35% premium over the market value at $433.43 per share.
After deducting fees and expenses, Strategy netted $1.99 billion, which it plans to use for general corporate purposes, including further Bitcoin acquisitions.
This funding effort is part of Strategy’s ambitious “21/21 Plan,” targeting $42 billion in capital over the next three years, split between equity and fixed-income securities. So far, the firm has raised $20 billion toward this goal, continuing its Bitcoin buying spree.
Strategy Nears 500K BTC, Sits on $14.8B Unrealized Profit
Despite reporting a $670 million net loss in Q4 2024, Strategy remains committed to expanding its Bitcoin reserves. Data from SaylorTracker reveals the firm is sitting on $14.8 billion in unrealized profit from its Bitcoin holdings.
Additionally, institutional interest in Strategy is growing. Reports indicate that as of late 2024, 12 U.S. states have invested in Strategy stock through pension funds and treasury holdings, totaling $330 million.
With an aggressive accumulation plan and a long-term vision, Strategy continues to solidify its position as the largest corporate holder of Bitcoin, further cementing its influence in the crypto space.
