Strategy, previously known as MicroStrategy, co-founder Michael Saylor shared the Bitcoin (BTC) chart that indicates an upcoming BTC acquisition following a one-week purchasing hiatus.
The firm made its most recent acquisition on February 10, acquiring 7,633 Bitcoin, which was valued at over $742 million at that time. This brought Strategy’s total Bitcoin holdings to 478,740 BTC.
As per data from SaylorTracker, Strategy’s Bitcoin reserve is currently valued at over $46 billion, with the company reporting a 47.7% gain on its investment.
Saylor has previously mentioned that the company aims to enhance its use of “intelligent leverage” during the first quarter of 2025 to facilitate additional BTC purchases and generate more value for Strategy’s common shareholders, maintaining its position as the largest corporate holder of Bitcoin.
Strategy’s Bitcoin purchases. Source: SaylorTracker
Related: Strategy’s Michael Saylor states the US should aim to possess 20% of Bitcoin
Major corporate and state institutions invest in Strategy
Despite apprehensions concerning the sustainability of the Bitcoin acquisition strategy, significant financial organizations continue to invest in the company by purchasing shares or fixed-income securities.
According to a February 6 Securities and Exchange Commission (SEC) filing, BlackRock, the world’s largest asset manager with over $11.6 trillion in assets under management, has increased its ownership in Strategy to 5%.
This filing from BlackRock occurred a day after MicroStrategy rebranded to Strategy and implemented a Bitcoin-focused marketing strategy to better represent its main focus.
Currently, 12 US states have holdings in Strategy stock as part of their pension plans or treasury funds, including Arizona, California, Colorado, Florida, Illinois, Louisiana, Maryland, North Carolina, New Jersey, Texas, Utah, and Wisconsin.
12 US state pension plans and treasury funds with exposure to Strategy. Source: Julian Fahrer
California’s State Teachers’ Retirement Fund, which serves public school teachers, has the highest exposure among the 12 state funds, holding nearly $83 million in Strategy stock.
Following closely is the California Public Employees Retirement System, the pension fund for state employees, which possesses approximately $76.7 million in Strategy shares.
On February 20, Strategy announced the pricing of a $2 billion tranche of convertible notes, marking its latest corporate securities offering aimed at financing further Bitcoin acquisitions.
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