TL;DR
- Strategy acquired 20,356 Bitcoin for nearly $2 billion, increasing its total holdings to almost 500,000 BTC, becoming the largest corporate holder of the cryptocurrency.
- The purchase was financed through a $2 billion senior convertible note offering, with a 0% coupon, and the funds will primarily be used for further Bitcoin acquisitions and working capital.
- Despite a net loss of $670 million in the fourth quarter of 2024, Strategy maintains an unrealized gain of over $14.8 billion on its BTC holdings.
Strategy, the company led by Michael Saylor, recently acquired 20,356 Bitcoin for a value close to $2 billion. This purchase increases its total Bitcoin holdings to nearly 500,000 BTC, making it the largest corporate holder of Bitcoin. The average acquisition price was $97,514 per unit.
The acquisition followed a $2 billion senior convertible note offering. These notes, which have a 0% coupon and mature on March 1, 2030, generated approximately $1.99 billion in net proceeds for the company. The raised funds will be used for general corporate purposes, primarily to continue purchasing more Bitcoin and for working capital.
Strategy has acquired 20,356 BTC for ~$1.99B at ~$97,514 per bitcoin and has achieved BTC Yield of 6.9% YTD 2025. As of 2/23/2025, we hodl 499,096 $BTC acquired for ~$33.1 billion at ~$66,357 per bitcoin. $MSTR https://t.co/mNWDaXRE7N
— Michael Saylor⚡️ (@saylor) February 24, 2025
21/21 Plan at 50%
The acquisition strategy is part of a long-term plan called the “21/21 Plan,” which aims to raise a total of $42 billion over the next three years. This capital will be split between equity and fixed-income securities, mainly to continue expanding the company’s Bitcoin reserves. Strategy has already raised $20 billion of that target, allowing it to increase its BTC exposure through financial instruments such as convertible notes and debt.
Everyone Wants to Join the Success of Strategy and Bitcoin
Despite recording a net loss of $670 million in the fourth quarter of 2024. The company continues to show an unrealized gain of over $14.8 billion on its Bitcoin holdings. Its growth has not only attracted the attention of investors but also of major financial institutions. Twelve states in North America reported holding Strategy stock in their pension funds and treasuries, totaling $330 million.
The presence of firms like BlackRock, which has increased its stake in Strategy to 5%. Reflects institutional interest in the Bitcoin accumulation strategy. Despite being below its ATH, the company continues to go all-in on Bitcoin. Demonstrating its full confidence in the future of BTC.
