- Strategy has acquired 20,356 Bitcoin, raising its total holdings to nearly 500,000 BTC.
- The company had previously halted Bitcoin acquisitions for the last two weeks and did not liquidate any Class A common stock.
- More BTC purchases are anticipated as Strategy has completed a $2 billion issuance of convertible senior notes.
Strategy, formerly identified as MicroStrategy, continues to be the largest corporate Bitcoin holder, enhancing its reserves despite a recent slowdown in its acquisitions.
While its rapid acquisitions had slowed, Strategy is improving its financial posture with the recent completion of a $2 billion convertible notes issuance.
Strategy Acquires Over 20,000 Bitcoin
Strategy has secured 20,356 Bitcoin for around $1.99 billion, at an average purchase price of $97,514 per Bitcoin. This results in a 6.9% yield year-to-date for BTC in 2025.
As of February 23, the company—previously known as MicroStrategy—maintains ownership of 499,096 BTC , with total acquisitions approximating $33.1 billion at an average cost of $66,357 per Bitcoin.
Recently, Strategy had temporarily ceased its aggressive Bitcoin purchases. During the past two weeks, it neither expanded its Bitcoin holdings nor liquidated any Class A common stock from its market offering program.
Under the leadership of Michael Saylor, the company made notable acquisitions in 2024, totaling 258,320 BTC.
New Debt Offering to Enhance BTC Acquisitions
Strategy has also disclosed that it has completed its previously announced $2 billion offering of 0% convertible senior notes due in 2030, which were sold privately to qualified institutional buyers.
Initial purchasers have the option to acquire an additional $300 million in notes.
These unsecured notes do not bear interest, nor do they increase in value, maturing on March 1, 2030, unless repurchased, redeemed, or converted sooner.
Conversions can occur under defined circumstances before December 3, 2029, with Strategy having the flexibility to settle in cash, Class A common stock, or a combination thereof.
The initial conversion rate is set at 2.3072 shares for every $1,000 note. This results in a conversion price of $433.43, representing a 35% premium over the stock’s price of $321.05 on February 19.
Was this Article helpful?
